Improved availability of affordable digital financial services is a pressing need in developing economies. This need is also acute for cross-border payments, both generically
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E-Newsletter Issue 11 – April 2017
SADC BA TRAINING EXPANSION IN THE REGION The SADC Banking Association embarked on their Payments Training in the region during October 2015. The training was successfully delivered in the Common Monetary Area (CMA) - South Africa, Swaziland, Lesotho and Namibia as well as Zimbabwe from [...]
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E-Newsletter Issue 10 – August 2016
TREK4 MANDELA TEAM SUMMITS MOUNT KILIMANJARO ON MADIBA'S BIRTHDAY It is a proud moment for the SADC BA as it celebrates the outstanding achievement of Mr. Cas Coovadia, Vice Chairperson of the SADC Banking Association and MD of the Banking Association of South Africa. Congratulations! [...]
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Industry communique Growth in Africa
Figures released on the eve of the 22nd SWIFT African Regional Conference provide evidence of Africa’s growth and development of intra-Africa corridors The main domestic hurdles to growth have been strikes and power supply disruptions. Cape Town, 4 May 2015 – Data from SWIFT shows […]
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Foreigners purchased NET R199m
Following are data for South African bonds sales/purchases by foreigners on Monday. Net foreign purchases including repo transactions: R199m Year to date net sales by foreigners including repo transactions: R3.948bn Net foreign purchases excluding repo transactions: R274m Source: BDpro03 February 2015
View moreE-Newsletter Issue 09 – July 2014
WELCOME TO OUR NEW HEAD OF SADC BANKING ASSOCIATION, NEW IPL’S AND NEW MEMBERS ON THE PAYMENT SCHEME MANAGEMENT BODY (PSMB) On 1 April 2014 the SADC Banking Association welcomed Ms. Maxine Hlaba the new head of the SADC Banking Association – Executive Secretariat, who [...]
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E-Newsletter Issue 8 – December 2013
CELEBRATION OF THE IMPLEMENTATION OF SIRESS Celebrations were held at the South Africa Reserve Bank on 28 August 2013 after the successful implementation of SIRESS. The first phase of the SIRESS Payments Project, “Go Live” took place on 22 July 2013 when the CMA (Common [...]
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E-Newsletter Issue 7 – August 2013
PREPARING FOR THE NEXT PAYMENT STREAM TO BE IMPLEMENTED IN SADC Following the successful launch of the first payment stream to go live in SADC; Credit Transfer With Immediate Settlement on 22 July 2013, plans are now well under way to implement the next payment [...]
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E-Newsletter Issue 6 – March 2013
DELIVERY VS PAYMENT In the markets where shares in companies or ownership of government bonds etc. (the securities markets) are traded and transferred, a process is required to ensure that ownership is changed and payment is made. This process is known as Delivery vs Payment [...]
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