Omar El-Gazzar, an FX Dealer at Crown Agents Bank on South African Reserve Bank's interest rate hike
In March, The South African Reserve bank raised interest rates by 25 basis points. Our FX Dealer, Omar El-Gazzar shares his views with The Africa Report on the central banks’ strive to rein in inflation:
Omar shares his opinions on how he thinks the rand stacks up against other emerging market currencies in terms of both its carry trade and its fundamental attractiveness and what he thinks the future direction of the rand looks like.
Can fintech really be a force for good? Whether its blockchain, cryptocurrency or even simply advances in online banking, financial services and technology have become irreversibly linked. Fintech companies have brought much-needed disruption to the financial world, redefining banking and financial services, but this rapid disruption has also led to many financial organisations feeling the need to play catch-up, putting innovation and profit above the needs of the end user.
Our mission is to move money where it’s needed. B Corp Certification, and B Lab’s mission to transform the economic system into one that is inclusive, equitable, and regenerative, was therefore a natural fit.
It’s been estimated that by 2027, the value of cross-border payments will have risen $100 trillion in the previous decade thanks to, in part, rapid expansion of supply chains across borders, international trade and e-commerce and international remittances.