South Africa’s Whites-Only Orania Community is Testing a Digital Currency

Exclusively populated by Afrikaners, the town of Orania located in the remote parts of South Africa’s Northern Cape Province, has had its own currency known as the Ora since 2004. Pegged to the rand, the Orania Chamber of Commerce has been responsible for printing the community’s currency. Now the town of approximately 1,600 people is …

Blockchain Has Benefits for African Markets, Says Alexander Forbes CEO

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The chief executive officer of one of Africa’s biggest and diversified financial and insurance company, Alexander Forbes, has told CCN that there are benefits in deploying blockchain technology in corporate operations. The company’s chief executive officer, Andrew Darfoor, told CCN in Harare on Friday …

South African Investment Firm Sygnia to Launch Cryptocurrency Exchange

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Sygnia Asset Management, a major investment firm in South Africa, has announced that it will launch a cryptocurrency exchange later this year. Regional business news outlet BusinessTech reports that the firm, which currently has R180.6 billion ($14.5 billion) in assets under management …

47% of South Africans Plan to Invest in Cryptocurrencies

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the …