Pradeep Maharaj, the executive director of the Reserve Bank's payment system modernization program, discusses the significance of cash usage in South Africa and the associated costs, revealing that South Africans pay R90 billion annually to facilitate cash transactions.

South African President Cyril Ramaphosa officially opened the first Google Cloud Summit held in Africa on Wednesday, addressing delegates at the event.

In March, Revolut applied for a U.S. national banking charter as part of its expansion strategy. Subsequently, the British fintech company announced that South Africa would be its first African market, with plans to launch in 2028, pending regulatory approval.

South Africa has improved its position by 10 places in the World Competitiveness Ranking, with the highest score being for prices, ranked seventh. This improvement reflects the South African Reserve Bank's efforts to achieve a 3% inflation target, according to The South African Biz.

Lesaka has announced a delay in its acquisition of Bank Zero, pushing the deadline to 2027 due to lagging regulatory approvals. The acquisition is valued at R1.1 billion.

The Sarah Baartman Centre of Remembrance project, which has faced over a decade of delays, has made significant progress as of Saturday, with the project valued at R188 million. This development marks a crucial step forward for the long-stalled initiative, according to TimesLIVE.