NewsCURRENT STATE OF THE SOUTH AFRICAN FOREX INDUSTRY
With South Africa quickly emerging as a big global player in the forex industry, boating trading volumes that exceed $21 billion in recent years, South Africa has quickly become the African hub for forex traders and brokers but even with the FSCA in place, unsavory elements still manage to find its way to the surface, here we look at the good, the bad and the ugly of the South African market.
NewsIn South Africa, a new driver's license will be released, with ambitions to utilise 'the blockchain’
The Driving Licence Card Account (DLCA) reports that its plans to provide a new driving licence card in South Africa are on track.
NewsWHY DO NIGERIANS LOSE MONEY IN FOREX TRADING? - EQUITI NIGERIA COUNTRY MANAGER
"In order to curb forex scams, Nigerians must start viewing forex trading as a talent, not a get-rich-quick scheme." People must be patient in order to see their investments increase." These are the remarks of Emmanuel Okwara Jnr., Equiti's Nigerian country manager. The worldwide FX market is the world's largest financial market, with an estimated daily trading volume of around $7 trillion.
NewsDESPITE THE CBN'S PROHIBITION, 33.4 MILLION NIGERIANS TRADE CRYPTOCURRENCY
Despite the Central Bank of Nigeria's prohibition on cryptocurrency-related activities in the banking sector, a crypto platform said that over 33.4 million Nigerians trade or hold crypto assets.