South Africa’s cash is here to stay

• The South African Reserve Bank noted that 11.4 million households relied on the taxi industry in 2020, according to the National Household Travel Survey.
• The Reserve Bank highlighted the taxi industry as a large and cash-driven service which is vital to the country's economy.
• The SARB recommended that people who rely on taxis for transport should have the exact fare at hand, with R10 notes and coins such as R5, R2 and R1 being preferred.