Story perspectives

Angola’s Kwanza Joins SADC-RTGS, Ending Rand Monopoly

7/28/2026

Summary

Story summary

Governor Lesetja Kganyago and Governor Manuel Tiago Dias announced Angolan kwanza will be added to the SADC-RTGS system.
The change lets approved banks settle regional payments in kwanza, cutting conversion steps, lowering costs, speeding receipts and ending the rand’s sole settlement role on the platform since its 2013 launch.
SADC-RTGS links banks in 15 countries, processes about $15 billion (R250.7 billion) monthly and had settled over 2.8 million transactions worth R10.97 trillion by January 2023.

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Story summary

Governor Lesetja Kganyago and Governor Manuel Tiago Dias announced Angolan kwanza will be added to the SADC-RTGS system.
The change lets approved banks settle regional payments in kwanza, cutting conversion steps, lowering costs, speeding receipts and ending the rand’s sole settlement role on the platform since its 2013 launch.
SADC-RTGS links banks in 15 countries, processes about $15 billion (R250.7 billion) monthly and had settled over 2.8 million transactions worth R10.97 trillion by January 2023.