There are growing concerns about South Africa being disconnected from the SWIFT global payment system following the country's tensions with the United States.

Even though the likelihood of this happening is seen as a low risk, experts warn, the economic consequences would be catastrophic if it were to happen.

SWIFT is the backbone of international trade, allowing South African banks to move money across borders.

Experts say losing access would choke off capital flows, trigger the Rand collapse, and drive up the cost of living.

Dimakatso Leshoro filed this report... 

There are growing concerns about South Africa being disconnected from the SWIFT global payment system following the country's tensions with the United States.
Even though the likelihood of this happening is seen as a low risk, experts warn, the economic consequences would be catastrophic if it were to happen.
SWIFT is the backbone of international trade, allowing South African banks to move money across borders.
Experts say losing access would choke off capital flows, trigger the Rand collapse, and drive up the cost of living.
Dimakatso Leshoro filed this report...&nbsp;

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Africa in Business

Concerns grow over the possibility of SA being disconnected from the SWIFT global payment system

Residents of Lagos, Nigeria's commercial hub, are facing mounting pressure as fuel prices continue to surge, driven by ongoing tensions in the Middle East that are disrupting global oil supply and raising the cost of living.

At filling stations across the city, petrol prices climbed above 1 000 Naira per litre on Monday, following another increase late last week. Many Nigerians fear the hike will put further strain on household budgets and daily commuting costs. 

Channel Africa's economics reporter Innocent Semosa has more.

Residents of Lagos, Nigeria's commercial hub, are facing mounting pressure as fuel prices continue to surge, driven by ongoing tensions in the Middle East that are disrupting global oil supply and raising the cost of living.
At filling stations across the city, petrol prices climbed above 1 000 Naira per litre on Monday, following another increase late last week. Many Nigerians fear the hike will put further strain on household budgets and daily commuting costs.&nbsp;
Channel Africa's economics reporter Innocent Semosa has more.

Residents of Lagos face mounting pressure as fuel prices continue to surge

Kenya Airways says there is an increase in demand for seats on its flights ​due to the effects of war ‌in the Middle East, with most of the traffic coming from Europe, the U.S. and Asia.

The airline says demand for seats on its flights, known as load factor, was now almost ​at 100% from around 70% in January. It also indicated that it has about 56 days of jet fuel supply and is making ⁠efforts ​to obtain more from India.

The U.S.-Israeli war ​on Iran has created chaos in the global ​aviation industry, prompting some airlines to raise ⁠fares and change their schedules to reduce ​stops at airports in the Middle East, or ​to cancel flights altogether.

Thami Ngubeni spoke to Aviation Analyst, Phutego Majapele.

Kenya Airways says there is an increase in demand for seats on its flights ​due to the effects of war &zwnj;in the Middle East, with most of the traffic coming from Europe, the U.S. and Asia.
The airline says demand for seats on its flights, known as load factor, was now almost ​at 100% from around 70% in January. It also indicated that it has about 56 days of jet fuel supply and is making ⁠efforts ​to obtain more from India.
The U.S.-Israeli war ​on Iran has created chaos in the global ​aviation industry, prompting some airlines to raise ⁠fares and change their schedules to reduce ​stops at airports in the Middle East, or ​to cancel flights altogether.
Thami Ngubeni spoke to Aviation Analyst, Phutego Majapele.

 Kenya Airways sees an increase in demand for seats ​due to the effects of war ‌in the Middle East

Leaders of the East African Community (EAC) have set a June 30, 2026, deadline to eliminate all remaining non-tariff barriers, following a resolution adopted at the 25th Ordinary EAC Summit held on March 7 in Arusha, Tanzania.

These barriers,s ranging from bureaucratic delays and inconsistent standards to restrictive licensing requirements, have long increased the cost and complexity of doing business across the region. The Kenya-Uganda dairy tensions are a glaring example of trade-flow disruption.

Thami Ngubeni spoke to the founder and chairperson of AIMS Capital Associates, Alloys Mutabingwa, about the new deadline that has been set to eliminate all remaining non-tariff barriers in the East African Community.

Leaders of the East African Community (EAC) have set a June 30, 2026, deadline to eliminate all remaining non-tariff barriers, following a resolution adopted at the 25th Ordinary EAC Summit held on March 7 in Arusha, Tanzania.
These barriers,s ranging from bureaucratic delays and inconsistent standards to restrictive licensing requirements, have long increased the cost and complexity of doing business across the region. The Kenya-Uganda dairy tensions are a glaring example of trade-flow disruption.
Thami Ngubeni spoke to the founder and chairperson of AIMS Capital Associates, Alloys Mutabingwa, about the new deadline that has been set to eliminate all remaining non-tariff barriers in the East African Community.

Concerns grow over the possibility of SA being disconnected from the SWIFT global payment system

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