Politics8/25/2025•Bloomberg
South Africa Treasury, Banks Fear SWIFT Loss, Sowetan Says
The article reports that South Africa's National Treasury and the heads of its top banks have discussed the potential risk of the country being cut off from the SWIFT international payments system. This concern arises due to the possibility of US lawmakers imposing sanctions on South Africa. The loss of access to SWIFT would have significant implications for the country's financial system and its ability to conduct international transactions. The article suggests that this issue is a source of concern for both the National Treasury and the banking sector in South Africa, as they work to address the potential consequences of such a scenario.
Source: For the complete article, please visit the original source link below.
