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

📆 5/30/2023 10:30 AM
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South 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. | News24_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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