AFRICA
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267 to offer tourists coming to South Africa a value-add by paying in their home currency , where they don ’ t have to experience the volatility in the currency or the exchange rate ,” explains Govender .
Long term , looking at the future of Nedbank and its position in South Africa , Govender believes a flood of new opportunities are set to be unlocked as the country undergoes significant regulatory change . The Financial Sector Conduct Authority and Prudential Authority are set to be located in the South African Reserve Bank ( SARB ), which will provide jurisdiction over all financial institutions . This , he explains , will enable the ongoing transformation of financial services and the delivery of further advantages in terms of interacting , servicing as well as delivering innovative value propositions .
“ Enabling regulations are going to be key in achieving the reserve bank ’ s vision for 2025 which is tackling some of the social issues that we have in South Africa ,” he says .
“ The move could also unlock trade , growth and create employment . The in-
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