Why some SMEs are loading bitcoin onto their balance sheets

Hannes Wessels, general manager for Binance SA, explains how to make your crypto work harder for you, earning returns 11% and more in US dollar terms.

Altvest changes its name to Africa Bitcoin Corp and plans to raise R3.68bn ($210m) to invest in Bitcoin. The two men behind the project, Altvest CEO Warren Wheatley and tech entrepreneur Stafford Masie, explain this radical new approach to building what they see as bullet-proof balance sheets.

The SA Reserve Bank says the threat of being excommunicated from SWIFT is likely to focus certain individuals rather than the country as a whole, but we should not take this lying down, says 80eight CEO Faadil Moti, as the experience with Russia and Iran shows that events can escalate quickly.

Warren Deats, chief investment officer at Geddes Capital, explains that banks are likely far closer to entering the crypto space than many realise. Deats, himself a former banker and a crypto sceptic, says he understands the banks’ hesitancy when it comes to crypto, but argues they cannot delay their entry…

If they’ve seen a video of Elon Musk or Cyril Ramaphosa or any other celebrity telling them how to turn R4 500 into R20 000 in a month, it’s a scam says Gerhard van Deventer, head of enforcement at the Financial Sector Conduct Authority.