Category Archive : South Africa

$2 million to drive learning via WhatsApp 

Guten tag,

May 25 is African Liberation Day. On this day, many African countries commemorate their hard-won liberation from European colonial powers.

A little history: Formerly known as African Freedom Day, it was established on April 15, 1958, in Ghana. And between 1958 and 1963, the African and global nation-class struggle intensified.

During this time, 17 African countries gained independence, and 1960 was declared the Year of Africa.

On May 25, 1963, 31 African leaders met at a summit to form the Organisation of African Unity (OAU). They changed the name of Africa Freedom Day to “African Liberation Day” and moved the date to May 25. 

Besides, countries like Ghana, Kenya, Spain, Tanzania, the United Kingdom, and the United States celebrate this day.

So, today, let us remember the struggles for liberation and development while we continue to raise political awareness globally.

Well, here’s today’s outline:

  • Shaping the African mobility narrative
  • FoondaMate’s $2 million funding
  • Twitter Create
  • AMP’s $5.6 million seed

Shaping the African mobility narrative

2019 will always be known as the calm before the storm that was the early stages of the COVID-19 pandemic. But it was also the year that we began to see what seemed like an avalanche of apps that helped you move from point A to B.

Consequently, companies like GIG Mobility, Max.ng, and Gokada dominated the mobility space, and pan-African players like Safeboda soon followed. 

While Africa’s mobility companies have had varying successes, there are important factors that are currently unaddressed in the sector; cracks that are currently being covered up with technology.

So, major players in Africa’s mobility space, led by mobility behemoth, GIG Mobility, are preparing to hold critical conversations about this. This inaugural event will take place on June 2, 2021, with the theme: Pathways to the Future of Mobility in…

Read more at techpoint.africa

Blockchain's explosive growth in Africa detailed in new report – Moneyweb

Blockchain’s explosive growth in Africa detailed in new report  Moneyweb
Read more at www.moneyweb.co.za

Is Cryptocurrency a scam?

In the latest episode of
The Money Podcast, Justin Harrison and Dawie Bester will give you their personal
experience with Cryptocurrency and tell you their lessons after
reviewing more than 600 crypto projects.

They will also tell you what you need to know before you invest
to avoid the mistakes so many people make.

Meanwhile, if you plan on applying for any
kind of finance in the near future, then last week’s episode of The Money Podcast is a must-listen.

Most people don’t know this but before you apply for finance, there are a few essential things you need to do first.

Justin Harrison and Dawie Bester give you
invaluable advice to protect yourself from financial stress when
applying for finance.

They also give you a great tip that will allow you to get the best
possible interest rate from your financial institution. Click below to listen.

More about Justin and Dawie:

Justin Harrison and Dawie Bester are two self-made entrepreneurs on a
mission to help South Africans become better at money. They’re involved in multiple business
ventures and share a common passion for financial education, self-improvement
and simplicity, and these are the driving force behind all their ventures.

Justin Harrison is the author of eight personal finance books; he’s a
serial entrepreneur, investor, wealth creator and one of South Africa’s thought
leaders in the financial technology space. He is a passionate South African,
father of three and avid sportsman who believes deeply that South Africa is one
of the best countries in the world.

David Bester is also a personal finance author, personal finance coach, entrepreneur
and investor, and has been on the forefront of the digital finance revolution
for the last decade. He is a father of two, an avid sportsman, and believes
that South Africans can prosper with the correct motivation and
direction.

Catch them weekly in The Money Podcast with practical, down-to-earth
advice which you can take and action immediately. New episodes are released…

Read more at www.jacarandafm.com

The Russian-Ukraine war is a litmus test for cryptos

The first cryptocurrency, Bitcoin, was created over a decade ago and since then cryptocurrencies have begun to revolutionise the world. Digital currencies have proven themselves a prime investment choice and effective payment method, promising financial freedom. However, they haven’t received the warmest embrace from central banks and governing authorities, who have primarily been sceptical and threatened by cryptocurrencies.

While certain countries like El Salvador have taken the bold step of recognising its potential and chose to accept it as legal tender, others have straight-out banned it, like Morocco and China. Some have even implemented regulatory practices to make it challenging to trade cryptocurrencies.

The Central Bank of Russia once proposed a complete ban on cryptocurrency and recommended stiff penalties for persons who defaulted. However, this was overhauled with the government deciding to recognise cryptocurrencies, thus creating a regulatory framework.

Read:

In truth, there are no questions about the importance of cryptocurrencies in the financial economy, though governing authorities are concerned about the impact they may have on the traditional financial system. Several of these doubts in the last few weeks have been cleared following the power tussle between Ukraine and Russia.

The Russia-Ukraine war

In February, the world was shaken by the possibility of World War III. The last two wars were simply devastating. Making it even more terrifying are the innovations and technologies of war that have come into existence since then.

The news of Russia’s attack on Ukraine was immediately evident in the crypto space, as several weak hands began a massive sell-off for fears of what the news of the war might do to the volatile market conditions.

This resulted in a major price decline of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) among several others. As expected, after the attack on Ukraine several countries were riled up…

Read more at www.moneyweb.co.za

Here’s why it’s not a good idea to hide your crypto gains from Sars

Should you tell Sars about your crypto wins and losses? Never thought about it? Well, there are definitely tax implications and although you might walk out of a crypto scam considering yourself a winner, the tax man will be hot on your heels. The Mirror Trading International (MTI) scandal has been in the headlines since early 2020 with about 260 000 investors but came to a sudden end when the main kingpin, Johann Steynberg, fled the country in December 2020. The company has now been liquidated and an application is pending to declare it an illegal scheme, which will mean…

Read more at www.citizen.co.za

Crypto’s Greatest Challenge: Legitimacy or Acceptance?

Cryptocurrency is one of the most significant innovations of our time. It’s changing how people and businesses worldwide think about money, and it’s connected everyone, from billionaires to average consumers.

However, despite the potential for crypto to be an integral part of the future, many individuals and organizations are still hesitant to adopt this new kind of currency. In fact, many believe that crypto won’t have enough legitimacy or acceptance to succeed truly.

The validity or acceptance of cryptocurrencies: is crypto here to stay?

Crypto is growing in popularity as more and more people adopt the coins for various uses. Crypto is used to pay for goods and services and can also be converted into other currencies. The most crucial part of crypto’s growth and use is that it is decentralized, making it difficult to track and easier to use. In fact, anyone can invest in crypto quickly and easily by crypto copy trading or even using automated crypto trading bots

As of 2021, according to The Tripple A crypto platform, global crypto ownership rates were estimated at an average of 3.9%, with over 300 million crypto users worldwide.

Over 18,000 businesses are already accepting cryptocurrency payments. The Bitcoin market cap reached US$1 trillion in February 2021. Top countries include India, the USA, Nigeria, Vietnam, and the United Kingdom. The figures indicate the adoption of cryptocurrency worldwide, and the numbers speak for themselves.

While it might seem that crypto is on a massive uptick with widespread adoption, there are still countries where the use of crypto is banned. For many other countries that haven’t banned it outrightly, heavy restrictions have been put in place to prevent its use.

Some of the recurrent reasons for the restrictions/ban on cryptocurrency include: 

  1. It is not regulated by a central body and so falls beyond the grasp of government control.
  2. The crypto market is volatile. Crypto values rise and fall unpredictably when…

Read more at disrupt-africa.com

Bitcoin mining in South Africa: What do you need?

You need powerful hardware and software to mine Bitcoin in South Africa, a wallet in which to store mined bitcoins, and a pool of other miners.

Over the years it has become increasingly complex and difficult to mine Bitcoin, just as it was in the past with real gold mines.

In order to keep up with this complexity, you need sophisticated hardware, software, a pool to help you, and a wallet in which to store your Bitcoin.

The profitability of Bitcoin mining

Many experts equate mining for Bitcoin with the way miners would mine for gold many years ago. When people first started mining for gold, a few lucky miners who saw the potential profitability early on made a fortune by finding gold relatively easily close to the surface. However, as time went on and mining became more popular, miners had to dig deeper in more treacherous locations in order to find even sparse pieces of gold.

In the same way, Bitcoin miners who started early on made big profits by mining easier Bitcoins and they could even use normal laptops to mine. But as time has gone on, it has become more complicated to make a profit from Bitcoin mining.

Bitcoin mining in South Africa: What do you need?

To understand what you need as a beginner Bitcoin miner, it is important that you understand how Bitcoin mining works in the first place, so that you can understand where and how these components factor into the mining process.

A critical part of Bitcoin mining is the sophisticated hardware components used to solve extremely complicated math problems to mine for Bitcoin. The first computer or hardware that solves this math problem gets access to the next block of Bitcoins, which then enter the circulation.

Mining is important when it comes to Bitcoin, as it adds new Bitcoins into the circulation, and it is also the way networks confirm transactions. Additionally, it contributes to the block chain ledger’s maintenance.

When you consider the way that Bitcoin mining works, the reason it…

Read more at www.politicalanalysis.co.za

South Africa fifth in Africa for blockchain funding

The countries that raised the most funding for blockchain ventures in 2021. Source: African Blockchain Report

South Africa is falling behind its African peers in the blockchain investment race, but the country is making solid progress in creating a regulatory framework to govern the sector.

The inaugural African Blockchain Report, published by CV VC in collaboration with Standard Bank, has revealed that South Africa placed fifth in a list of African countries for new blockchain ventures in Africa in 2021.

The inaugural report, released this week, provides a structural overview of the emerging blockchain sector and insights regarding funding in Africa.

In 2021, US$18.9-million was raised to fund five blockchain and cryptocurrency companies in South Africa.

This was well behind Nigeria, where $49.6-million was raised for 18 companies. This was followed by the Seychelles ($33.8-million for four companies) and Kenya, with $20-million for one enterprise.

Companies in Africa raised a further $91-million in the first quarter of 2022, a staggering 1 668% year-on-year increase from the first quarter of 2021.

The fintech industry dominates the African blockchain industry. South African companies such as Sun Exchange, Revix and Ovex are some of the fintech companies featured in the report.

South Africa is home to one of Africa’s most sophisticated financial sectors, the report said. Local regulators have been working hard to embrace new-age technologies and create a transparent regulatory environment that will further encourage blockchain and cryptocurrency adoption, it added.

Regulatory framework

The South African Reserve Bank is crafting regulatory frameworks, developing a central bank digital currency (digital rand) and actively participating in the blockchain community.

So, although South Africa is not leading the race in blockchain investment, it is making leaps…

Read more at techcentral.co.za

China’s BSN builds new public blockchain unlinked to cryptocurrencies for global markets – South China Morning Post

China’s BSN builds new public blockchain unlinked to cryptocurrencies for global markets  South China Morning Post
Read more at www.scmp.com

Bitcoin Era South Africa Patrice Motsepe Reviews 2022 Overview of the Bitcoin Era South Africa

Bitcoin Era South Africa Patrice Motsepe” – We usually observed many peoples spend their valuable time and money on different projects and jobs and they end up earning minuscule money. We’ve decided to help all those peoples who are eager to earn passive income via crypto assets. In this article, we’ll be discussing how you can capitalize Bitcoin Era to earn passive income via crypto assets.

In this guide, we’ll emphasize trading crypto coins in a way that is not prone to human negligence. Through our continuous efforts, we found a way of making passive income through trading cryptocurrencies. 

Our goal of this article is to deny the people’s perception about cryptocurrencies that it is difficult to trade crypto coins and to make money with them. Even though trading cryptocurrencies was an arduous task in the past, but crypto trading is completely transformed today.

Now, you don’t need to acquire any prerequisite crypto knowledge to trade cryptocurrencies. Because all the technical aspects of the trade will be managed by the trading robots. After experimenting with all the core features of the Bitcoin Era South Africa, I realized that is a revolutionary platform that allows you to compound your investments. Open an acount on Bitcoin Era South Africa today!

Overview of the Bitcoin Era South Africa

Bitcoin Era South Africa is one of the revolutionary and state-of-the-art automated systems for trading cryptocurrencies. For the sake of simplicity of all the crypto traders who aren’t comfortable with the complexities of the crypto market, we’ve decided to discuss all the essential features of it in detail.

It is an autonomous trading robot that buys and sell…

Read more at techbullion.com