South African Reserve Bank (SARB) Governor, Lesetja Kganyago, says the country's finance track under its G20 presidency has deliberately prioritised improving cross-border payments, citing the persistently high cost of remittances within Africa compared to other regions.

Speaking during a panel at the International Monetary Fund's Spring Meetings in Washington last week, Kganyago emphasised that despite technological advances, sending money across African borders remains significantly more expensive than the global average. He added that there is now a growing political will across the continent to tackle this challenge, recognising that more affordable and efficient payment systems are critical for financial inclusion, trade, and economic growth.

To discuss this further Asanda Beda spoke to Political Economist at Zano Guru Advisory in Zimbabwe, Kevin Tutani.