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All Journal Ilomata International Journal of Tax and Accounting
Abrahams, Estelle Deseree
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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Examining the Management Impact: A Literature Review on the Phasing Out of Cheques in South Africa Abrahams, Estelle Deseree
Ilomata International Journal of Tax and Accounting Vol. 6 No. 1 (2025): January 2025
Publisher : Yayasan Ilomata

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61194/ijtc.v6i1.1512

Abstract

The South African Reserve Bank, along with other financial authorities, announced that as of December 31, 2020, the acceptance or issuance of cheques as a valid form of payment would cease. This study seeks to explore the management implications of this decision, considering the developing economic landscape of this country. A qualitative approach was employed, utilizing existing literature to gain insights into the potential impact of discontinuing cheques. The findings suggest that changes will be necessary for businesses and financial houses to accommodate new digital payment solutions and educate vulnerable persons. source documents, impacting the resolution of discrepancies.
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