Author: Percival Soko
The South African Rand (ZAR) has been appreciating against the US Dollar (USD) since April 2020, with the USDZAR forex rate being driven lower by a belief in a global recovery from the COVID-19 pandemic. This was after a surge in USDZAR from the start of 2020 from 13.93 up to a peak in early April 2020 to 19.34. This aggressive US Dollar appreciation and South African Rand weakness was driven by a “flight to quality” into the US Dollar and a move out of the Rand, given fears that the global economy was going to suffer significantly, in turn…
Whether you’re in the heart of South Africa or on the complete opposite end of the world right now, you’ve likely considered some form of investment recently. With companies in the South African region seeing rapid growth in the past few years, it’s not a surprise to see people taking an interest in the booming businesses in the area. Of course, this doesn’t just extend to the locals. International investors have been peeking behind the curtains of South African companies, looking for excellent opportunities to profit, and we can safely say they’ve found many. As expected, there’s always a risk…
The Remitano ecosystem is a community built on trust, this is why every user must complete their KYC to gain full access to the entire features of Remitano. Over time, we realized that a lot of our Nigerian users who have migrated and now live in South Africa are finding it difficult to verify their accounts due to the lack of proper South African documents. As a result of our pledge on continuous improvement, we are now allowing Nigerian traders in South Africa to verify their Remitano accounts using their Nigerian identification documents. South Africa based Nigerians can now use…
Due to the ever-increasing volume of money transfers across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for international money transfers. This system will allow South Africans to send and receive Rand (ZAR) from other countries without incurring the high fees charged by most traditional banks and the regular payment platforms. Use the “Cash-out quickly” feature without KYC In its effort to make this amazing system available to everyone, users are not required to go through the hassle of completing their KYC before having access to the cash-out feature. A new user can…
While some businesses soared during the global crisis, most companies were affected negatively. Amazon is a perfect example of the former category. Well, companies tend to gain or lose their profits every year and this year was not an exception. Below, we look at tech businesses that succeeded this year. Playtech iGaming Playtech is a top software and services provider in the gambling industry with over 5,000 employees in 19 countries. It also has cohorts with lots of the world’s leading land casino groups, government-sponsored bodies like lotteries, and other iGaming mobile operators. Established in 1999, Playtech is listed on…
Cybersecurity expert Per-Erik Eriksson has compared over 30 different VPN services and came to the same conclusion as we did. If you are visiting or living in South Africa, you will be happy to know that at Freedom on the net 2018, internet freedom was allowed and free. The regime is not expected to be committed to unanimous censorship or blocking of content. However, if the film and audience amendment law is passed by the South African national board, everything could change. The controversial law extends the power of the film and media board to include social networks and digital…
Digital commerce is an expanding market also in Africa, so much so that the 8 billion dollars of business calculated in 2014 could reach 75 billion in 2025, according to the consulting firm McKinsey. But these figures are still very far from compared to the volume of global e-commerce. Thus, while intra-African trade stagnates at 18% of the continent’s total trade and Africa’s share of world trade does not exceed 3%, the African Union considers digital trade as the ideal solution for development. But the challenges are many. Africa still has a low Internet penetration rate, which varies from less…
It is not always as straightforward as it sounds while you’re planning to invest in precious metals like gold or silver. Investors who just started their journey in this market often get confused while considering numerous options out there. There are lots of options, including minted bars, sovereign coins, as well as limited edition old coins from which you can find your investment choice. Price and premium of the gold spot price are taken into consideration while evaluating bullion options by sensible investors. But this is just a small part of a whole greater equation when you’ve just learned about…
Running an e-commerce store takes dedication, hard work, and patience. If you are willing to commit to the idea, your e-commerce store will flourish. However, you must not forget your competitors. There are upsides and downsides to owning and operating an online store. One of the biggest downsides is the high level of competition. Never forget your competitors because they are always looking for ways to improve and expand. With your biggest competitors in mind, you must ask yourself how in the world am I going to keep a competitive edge in the e-commerce world. Updating your e-commerce store with…
The online gambling market has become a huge industry. One of the reasons that is the case is because that gambling taps into one the core values of human existence. Humans crave excitement and thrills beyond every day experiences. Everyday life isn’t as exciting as being close to winning a sportsbet or outplaying the house in black jack – it just isn’t. And with the introduction of the internet the consumer now has the opportunity to consume and experience that thrill in their living room. This means that online gambling has the opportunity to become even bigger, which for just…