I find it interesting that this comments section has become as proudly South African as Stellenbosch Sauvignon Blanc.
I don't even need to read whatever the API (or legislation) says to understand how we got to this.opportunity. My little experience on any topics of any importance tell me that maybe there should be a little context to this whole thing.
So, let me make some pseudorandom comments that may be of use to all the shadow followers here.
South Africa is the Best Country in the World ®. They are ahead in nature conservation (nr 1). They have wide open spaces (you can hide from belligerents through obscurity). They have extreme safety. As in, you're either very safe, or very unsafe. And the difference could be a couple of seconds. They even have Very Good Universities ®. Finally, they have fertile opportunities, since the rest of Africa is pretty broken (except maybe some of the neighbours who are pretty not broken).
But the core issue here, just like at every previous timestamp, is politics. There is a big philosophical battle raging that is based on concepts such as "I was here first", "I claimed this first", "We are all African, except you", "I am the sharpest pencil", "Everybody deserves a certificate", "I am actually building something", "Take away all the buildings" and then, the most popular one, which is: "I also want some spears".
Anyway, the point is the following. Banks are kinda evil, while banks in SA seems to try to be not evil, except when they don't. This is a complicated thing. Just as complicated as Zuma & Ramaphosa, inc. There are also people who already have spears that like to poke things.
Now, the everybody deserves a certificate thing is not such a good idea. (Ask Mark Shuttleworth). But if one notices, when it comes to tech, South Africa has always been rather bright. Solar panels, batteries, pretty aircraft, etc etc.
Anyway, sorry for all the bad jokes. The point I wanted to make is this: South Africa is still the best entry point into Africa. Things like these.innovations are reassuring and sometimes exciting. But the problem is not neo-colonisation as much as Africa colonising other parts of Africa (with the help of others ®).
Don't worry too much about the details, rather imagine what you would want them to be. The South Africans would probably implement it then.