Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa
Commodities

Southern Africa’s payment system nears $1 trillion in settlements

Payment system. Photo by Nathana Rebouças @ Unsplash
Payment system. Photo by Nathana Rebouças @ Unsplash

Eric Kasongo

Eric Kasongo is a journalist and strategic researcher focused on the political economy of South Africa and DRC, with specialized expertise in mining, energy, and financial markets
  • SADC RTGS settles $12.3bn in August, edging toward $1trn total
  • South Africa, Namibia and Lesotho lead high-value transactions

 

JOHANNESBURG, SOUTH AFRICA – Southern Africa’s regional real-time payment system has quietly become a cornerstone of cross-border finance, settling nearly a trillion dollars since its launch.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
08/06/2026
6 days ago
Eric Kasongo
Read More »
Bassirou Diomaye Faye, President of Senegal. Photo @ Office of President, Senegal/Facebook
Is Senegal drifting towards default as political rift deepens?
04/06/2026
1 week ago
Brandon Orion Mensah
Read More »
People traveling in a canoe in Ganvie, Benin. Photo @ Unsplash
Can Benin sustain its economic miracle under new finance minister as IMF support ends?
03/06/2026
1 week ago
Brandon Orion Mensah
Read More »

Recent Politics

Senegal Finance Minister Cheikh Diba and IMF boss Kristalina Georgiva. Photo Kristalina Georgieva/X
Will Cheikh Diba’s market credibility outlast Sonko’s grip on Senegal?
09/06/2026
5 days ago
Brandon Orion Mensah
Read More »
Hands preparing tea on a patterned rug with traditional bread and sugar in Abuja, Nigeria. Photo by Muhammad-Taha Ibrahim @Pexels
Nigeria’s sugar tax exposes Tinubu’s painful reform dilemma
09/06/2026
5 days ago
Vincent Nwanma
Read More »
A scenic view of wind turbines at sunrise, capturing sustainable energy. Photo by Lorna Pauli @Pexel
Egypt’s green energy sprint masks a deepening gas crisis
05/06/2026
1 week ago
Justice Nwafor
Read More »

Latest Posts

Latest news insights

A cocoa farmer. Photo by Tobias Nii Kwatei Quartey @ Unsplash
Read More »
Why Ghana is shielding cocoa farmers from a global price crash
Patricia Obo-Nai, CEO Telecel Ghana. Photo @Facebook
Read More »
How Patricia Obo-Nai shattered barriers to reshape Ghana’s digital future
Busy street in Alexandria, Egypt. Photo by Muhammed Fatih Beki @Pexel.
Read More »
Egypt’s falling inflation masks bigger risks for markets and households
Busy street in Gondar, Ethiopia. Photo by Abenezer Muluken @ Pexels
Read More »
Ethiopia’s GDP rebase: Five numbers that will matter more than the headline figure
Patricia Obo-Nai, CEO Telecel Ghana. Photo @Facebook
Read More »
How Patricia Obo-Nai shattered barriers to reshape Ghana’s digital future
Busy street in Alexandria, Egypt. Photo by Muhammed Fatih Beki @Pexel.
Read More »
Egypt’s falling inflation masks bigger risks for markets and households
Busy street in Gondar, Ethiopia. Photo by Abenezer Muluken @ Pexels
Read More »
Ethiopia’s GDP rebase: Five numbers that will matter more than the headline figure
Marrakech, Morocco Photo @ Pexels
Read More »
How Morocco’s growth surge exposes a new dependence on foreign capital
Busy street in Alexandria, Egypt. Photo by Muhammed Fatih Beki @Pexel.
Read More »
Egypt’s falling inflation masks bigger risks for markets and households
Busy street in Gondar, Ethiopia. Photo by Abenezer Muluken @ Pexels
Read More »
Ethiopia’s GDP rebase: Five numbers that will matter more than the headline figure
Marrakech, Morocco Photo @ Pexels
Read More »
How Morocco’s growth surge exposes a new dependence on foreign capital
Johannesburg, South Africa. Photo by Ingo Stiller @ Unsplash
Read More »
South Africa’s 0.5% GDP growth: resilience or recovery illusion?