This article discusses the tightening of crypto regulations in South Africa, particularly Directive 9, which mandates Crypto Asset Service Providers (CASPs) to implement stringent measures for tracking and reporting crypto asset transactions. The directive includes a ‘travel rule’ requiring detailed client information to accompany crypto transfers over R5000. It emphasizes the responsibility of CASPs to comply with South African regulatory frameworks like FICA, to ensure transactions are free from criminal activities such as money laundering and terrorism financing. The article also highlights the use of tools like VOCA to help CASPs stay compliant.
Category: Finance
Finance insights covering banking, fintech, investment, financial services and market developments shaping Africa’s economy.
Alternative investments: Don’t overlook the potential of up-and-coming artists
Investing in emerging artists offers a unique opportunity to diversify portfolios while supporting cultural innovation. This article explores the financial potential of artworks by up-and-coming talents, highlighting how early investments can lead to significant returns as these artists gain recognition. It also discusses strategies for identifying promising artists and the benefits of incorporating art into alternative investment portfolios.
Finding the money to change South Africa’s trajectory
South Africa’s national budget for 2025 is under heavy scrutiny due to concerns about rising debt, government overspending, and the challenges of maintaining fiscal stability. The article explores the country’s fiscal outlook, with attention on the growing debt-to-GDP ratio, potential new taxes, and funding issues surrounding Transnet and Eskom. The proposed basic income grant (BIG) and the economic risks associated with the global political landscape also add to the fiscal pressure. The property sector faces challenges from government inefficiencies, infrastructure issues, and economic instability. The budget’s outcome will be critical for sustaining growth and investor confidence in South Africa.
Driving Ethiopia’s Digital Issuing Revolution – Two Sides of the Same Coin
This article provides an in-depth look at Ethiopia’s digital issuing revolution, examining the dual aspects of technological advancements and regulatory frameworks. It highlights the efforts to foster a digital economy, offering a comprehensive analysis of the opportunities and challenges in transforming Ethiopia’s financial landscape.
EFTCorp delivers Africa’s first open-loop payment solution for Rubicon charging stations
EFTCorp’s innovative open-loop payment system enables users to charge their electric vehicles at Rubicon charging stations without the need for specific membership cards or apps. This advancement simplifies the charging process, promoting the adoption of electric vehicles in Africa.
Sanlam and Fedhealth enter partnership to offer affordable healthcare to South Africans
Sanlam and FedHealth have announced a new partnership to make healthcare more affordable and accessible to South Africans. This collaboration will bring innovative solutions to address healthcare challenges and ensure better coverage for the population.
The rising tide of climate change: Building resilience through innovation
Climate change is no longer a distant threat; it is a reality reshaping communities, industries and economies worldwide.
Finance App Usage and Revenue Surge in Sub-Saharan Africa – AppsFlyer & Google Report
The new AppsFlyer & Google report highlights a significant surge in finance app usage and revenue across Sub-Saharan Africa. It explores how mobile financial services are transforming the region, fueled by digital adoption, mobile banking, and increasing access to fintech solutions. The report provides key insights into market growth, regional trends, and the potential of mobile financial applications to enhance financial inclusion.
Mukuru launches mobile wallet in Zimbabwe to bolster financial inclusion
This is the first development since Mukuru was awarded a deposit taking license in the country
Finbok South Africa | ⭐ Full Trading Platform Review for 2025
Finbok has emerged as a prominent online trading platform in 2025, offering a user-friendly interface, a wide variety of tradable assets, and advanced trading tools designed for both novice and experienced traders. The platform’s robust educational resources, including webinars and tutorials, cater to traders of all skill levels, while its diverse account types provide flexibility for customization. Despite offering low spreads and competitive fees, Finbok could improve by expanding payment options and reducing response times for customer support. With a strong emphasis on security, transparency, and regulation, Finbok offers a solid and reliable trading environment, making it an appealing choice for traders looking for a feature-rich platform in 2025.