Digital transformation: Enable bulk data access to research; monitor and improve service delivery
The reform is ijntended to enable bulk access to research, monitoring and improve service delivery. The datasets will be designed for seamless integration and analysis using advanced tools, including AI. Data will be accessed and analysed within secure platforms such as National Treasury’s Secure Data Facility (SDF) to maintain data security and compliance. Work on…
read more >>Establish a payment bridge and switch to enable seamless transactions with government.
Digital payments form another key pillar of the digital infrastructure roadmap. The digital payments project will expand payment options for government, people and organisations. This will make it easier and safer for people, especially those in underserved areas, to access their payments and transact digitally.This utility will support real-time payments and integrate various payment methods…
read more >>Introduce payment standards and interoperability through Integrated Financial Management System (IFMS).
The end-to-end government-to-person payment system will be developed by integrating equivalent features into the Integrated Financial Management System (IFMS). This will empower government departments to efficiently onboard beneficiaries and manage multi-channel payments securely. Work on the ground is expected to begin in 2027.
read more >>Establish a zero-rated platform for access to government information.
This is another key pillar of the digital transformation roadmap. Government plans to transform how people/users access government information by creating a single, world-class digital platform. This initiative aims to develop a zero-rated digital platform/website (MyMzansi or GOV.ZA), designed to provide seamless, trusted access to all government websites. The platform will simplify and enhance users’…
read more >>Include AI governance principles in the Joint Standard on Culture and Governance with a financial sector focus.
The reform establishes high-level governance, ethical and risk management principles for AI, with a draft national policy framework and sector-specific standards in development. The Department of Communications & Digital Technologies (DCDT) released a draft National AI Policy Framework in August 2024.
read more >>Implementation of regulatory reporting requirements for margin on non-centrally cleared OTC derivatives, using the Umoja platform to submit returns
The Umoja platform enables automated, integrated regulatory reporting for margin requirements, replacing interim systems and supporting compliance with G20/BCBS standards.
read more >>Transitioning cash market products (loans, bonds, money market instruments) from JIBAR to ZARONIA by defining a fallback methodology: compounded ZARONIA + credit adjustment spread (CAS)
The reform adopts a compounded ZARONIA plus credit adjustment spread (CAS) fallback, with ISDA protocols and cash market conventions to guide the transition.
read more >>Develop a national green finance classification system
The taxonomy framework was piloted in Q1 2025 with key institutions. A broader rollout is planned to align South Africa with global sustainability standards.
read more >>Extension of market abuse rules to new asset classes as part of market integrity reforms.
The reform enhances penalties, executive accountability, surveillance and regulatory guidance, with expansion under the COFI Bill.
read more >>Upgrade and rollout of digital identity verification system
The reform includes a national smart ID rollout, biometric verification, digital onboarding and integration with banks and government services.
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