Governor Kganyago delivers a stark warning on the future of South African money
The latest SARB stablecoin warning from Governor Lesetja Kganyago reveals a growing fear that digital dollars could “break apart” South Africa’s monetary unity. With 7.8 million local users and a legal vacuum following a major court defeat, the SARB is fighting to regain control. This analysis explores the rise of ZARU, the threat of digital dollarization, and the high-stakes legal battle coming to the SCA in 2026.