Lofty plan to reduce cash use in South Africa

[mylesillidge]

Plan for South Africa to kiss cash goodbye

South Africa's government has drawn up a lofty plan to develop a free digital payment platform for residents to reduce cash transactions in the country as part of Operation Vulindlela's second phase.

A written submission compiled by Operation Vulindlela, seen by Business Times, proposes introducing a free digitised payment system for the country's residents.

 

[FiestaST]

NGL I'm generally game for a "lofty plan"

 

[borro]

Ze bugs

 

[HAL 9000]

And just how is this 'cashless society' working out for Barclays Bank customers over in the UK for the last 3 days - and counting?

Links here, here, here, & here.

 

[Willie Trombone]

Plans. We've been having it!

 

[Number Six]

Lol the ANC would cease to function.

 

[Merlin]

Lol the ANC would cease to function.

View attachment 1792822

They're running out of cash to stuff the envelopes with, hence phase 2.

Less cash for us, more cash for them.

 

[Flanders]

Ze bugs

In ze system or for ze eatink?

 

[r00igev@@r]

How is Squirrel going to sell his buffaloes?

 

[Sideshow Bob]

Plan for South Africa to kiss cash goodbye

South Africa's government has drawn up a lofty plan to develop a free digital payment platform for residents to reduce cash transactions in the country as part of Operation Vulindlela's second phase.

A written submission compiled by Operation Vulindlela, seen by Business Times, proposes introducing a free digitised payment system for the country's residents.

Learn from UPI implemented in India and then implement it here - UPI has now crossed 500 million transactions every day.

 

[Pegging]

Operation Vulindlela

Learn more about how the Presidency and National Treasury plan to implement structural reform and support economic recovery. Read about the plans to modernise and transform network industries, including electricity, water, transport and digital communications.

www.stateofthenation.gov.za

Interesting to see what they think they have accomplished.

 

[Bliksis]

Mother of jissis. Another cashless article? Lmao

 

[RedViking]

 

[Jet-Fighter7700]

another hare brained ANC plan,
maybe they want to rename cash while they at it?

 

[Sinbad]

The real game here is to start taxing the cash economy.

 

[Zellephant]

They can join Eskom in flying a kite in a thunderstorm.

I fully support better/cheaper cashless systems, and there are a lot of places where they work great. But I will emigrate before they force me into a fully cashless society (and I don’t want to emmigrate anymore, I have started liking it here again).

Life is all about balance, and part of that balance is making sure the government doesn’t know everything about every transaction I make

 

[Irene Cows]

Cash is king, gvt can't get hold of it, There is a whole economy which Edward can't get his grubby hands on. Unless we get real benefit from our taxes, why should we pay. (i pay my taxes as I am employed, unfortunately)

 

[Bad Ballie]

Lofty ideals indeed, in a country where only 10% of the population at most almost exclusively use cashless transaction and the other 90% rely solely on cash. As previously stated, this is about increasing tax and control over the man on the street and nothing else. the only winner in a cashless society is SARS.

 

[Sapphiron]

Dont kiss cash, its disgusting. You dont know where it has been.

 

[Koos Custodiet]

Yup, this smells. It's all about control, and tax.