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S.Africa’s central bank flags inflation as major risk to domestic financial system

On Wednesday, South Africa’s central bank said the risk of a spillover of the Russia-Ukraine war could hurt the country’s financial stability through rising food and fuel inflation, lower economic.

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South African Central Bank eyes digital rand to cut cross-border payment costs

A digital rand in South Africa could cut the high cost of cross-border payments for banks, but a senior central bank official said its introduction is still a few years.

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