Sarb governor outlines cautious stance on technological change
Kganyago sets out opportunities and risks of AI and stablecoins as Sarb marks 105th anniversary
South African Reserve Bank (Sarb) governor Lesetja Kganyago used a recent speech to outline a wary stance on several technological developments.
Kganyago noted the central banking community was wrestling with technological changes, namely fintech products like stablecoins and artificial intelligence. In remarks delivered in Pretoria to mark the central bank’s 105th year, he said such changes “present opportunities but also threats”.
He said AI will “transform how we work by making large datasets
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