According to Odaily, the South African Reserve Bank (SARB) has decided not to release the initial results of its Central Bank Digital Currency (CBDC) feasibility study, which concluded at the end of 2022. A report suggests that these findings require further work, hence the decision to withhold them.
SARB initiated its general retail CBDC feasibility study in May 2021. Prior to this, SARB conducted the Project Khokha study, which focused on high-value transaction settlements at the wholesale level between commercial banks and other stakeholders. The decision to withhold the results of the CBDC feasibility study indicates that the bank may still be in the process of refining its approach to digital currency.