The Big Read
Cash still crucial for economy
At the launch of updated banknotes and coins, speakers underline the continuing importance of physical money to the economy
07 May 2023 - 09:19
South Africa is nowhere near eliminating cash as this form of payment remains the primary means of trade in the informal economy.
Speaking at the launch of updated banknotes and coins on Wednesday, Reserve Bank deputy governor Kuben Naidoo told Business Times that cash remained critical for spaza shops and other informal businesses where digital platforms are scarce and customers still trust physical money...
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