Africa in BusinessAfrica in Business

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

View descriptionShare

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... 

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

Africa in Business

In-depth financial issues, profiling of African businesses doing well internationally, stocks & mark 
Social links
Recent clips
Browse 3,389 clip(s)