ATMs from big banks disappearing across South Africa

• ATMs from big banks are disappearing across South Africa as banks shift towards digital banking and reduce their physical footprints.
• The Reserve Bank is looking to roll out white-label ATMs nationwide to ensure access to cash, especially in rural areas, as the country moves towards a cashless society.
• The Reserve Bank estimates that the annual cost of using cash in South Africa is R90 billion, with ATMs accounting for R21 billion of this expense, prompting banks to 'rightsizing' their ATM networks.