Jul 30, 2015
Recent SWIFT data shows that the number of South Africa’s Renminbi (RMB) payments increased by 33% over the last 12 months and by 191% over the last two years. In June 2015, 31,3% of direct payments value between South Africa and China/Hong Kong were in RMB versus...
Jul 10, 2015
Following compelling evidence presented in a recent Bank of England Report, it is highly likely that by the year 2020, businesses will be transacting via alternative currencies that operate outside the current banking system, says Scott Cundill, Internet entrepreneur,...
Jan 31, 2013
Since the beginning of this year, the South African rand had depreciated by 6% against the USD, and is currently the weakest of EFFS tracked currencies. Contrary to popular view, this is not likely as a result of the recent Fitch downgrade of South Africa’s sovereign...
