SA grid collapse: Part of bank system could still function, says Reserve Bank | Business

News24 Business front pageSouth Africa’s central bank is working on a contingency plan to ensure the country’s payments system remains in operation in the event the nation’s electricity grid collapses.

"All of that work is ongoing and we are working quite closely with the telecommunications sector, with diesel suppliers, banks payments industry, with retailers to ensure that we can gradually raise the resilience of the financial sector," he said in Johannesburg on Monday.

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Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

BUSINESS REFLECTION: Did the SA Reserve Bank make a mistake by increasing interest rates this time?There is an old saying that at a certain point, prices rise so fast, it’s difficult to even pay attention. SA is currently deep into that territory, and it’s absolutely no joke.
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