The national payment system The Bank, in conjunction with the settlement banks, has been concentrating on the development and implementation of a national payment system information database, and a review of the real-time gross settlement (RTGS) network infrastructure and associated applications.
A review of the current RTGS system – the South African Multiple Option Settlement (SAMOS) – indicated that the system was of a world-class standard. Potential enhancements to the SAMOS infrastructure and applications are due to be made in consultation with stakeholders during 2009.