The South African Reserve Bank (SARB) is investigating the use of Central Bank Digital Currency (CBDC) and testing a “digital rand” but is trying to narrow down on a specific use case and not in a rush to be a global leader for the format. SARB Governor Lesetja Kganyago said that South Africa would be “very fast followers” regarding the development and implementation of central bank currencies, learning from other countries that are ahead in development.