South African Reserve Bank Governor Kganyago Outlines Vision for Open, Connected and Inclusive Payments

Overview

The Bank for International Settlements (BIS) published, on 26 October 2026, an address by Mr Lesetja Kganyago, Governor of the South African Reserve Bank. The speech was delivered at the South African Reserve Bank Payments Conference in Pretoria on 20 October 2026.

Theme of the Address

The address is titled "Rewiring payments - open. Connected. Inclusive." The title points to three themes that the Governor placed at the centre of the discussion on the payments landscape: openness, connectivity and inclusion. The source material available to us is limited to the title and a short description, so details of specific policy measures, timelines or market implications are not covered here.

Speeches of this kind, given by central bank governors at industry conferences, are often read by market participants as a signal of the direction of payment system thinking at the institution concerned. However, this item concerns payment infrastructure rather than interest rate decisions or a stated view on the currency, and no new monetary policy decision is described in the source.

Notes for EA trading

This item is a speech on payments rather than a scheduled economic data release, so it is not by itself a reason to change how an EA operates. As a general matter, liquidity can thin and spreads can widen around major announcements and central bank communications, and price moves can be sharp during those hours. Traders running automated systems may wish to review their settings and consider pausing EAs around important releases, while keeping risk management in place at all times.