I would remind all NPS stakeholders that section 10 (i) (c) of the South African Reserve Bank Act states clearly that the Bank, " perform such functions, implement such rules and procedures and, in general take such steps as may be necessary to establish, conduct, monitor, regulate and supervise payment, clearing or settlement systems”.
Second, we must act locally, within our own hemisphere, to help our neighbours to see that integration into the global economy is in everyone's interest. Neither of these tasks will be easy. They will require patience and persistence. And along the way, we will encounter governments that are more inclined to withdraw from the process than to engage with the global economy.