BlockTower’s rand-backed stablecoin now trades on Luno Global, marking the first institutional-grade rand stablecoin listing on a regulated crypto exchange.
AI fuels SA's venture capital boom, e-hailing shake-up & more | Tech Headlines | 20–25 July 2026
These are the stories making headlines on ITWeb this week. South Africa's venture capital sector is entering a new maturation phase, with artificial intelligence emerging as the next major catalyst for deals — a new study finds the local industry has deployed over R16 billion across more than 1 100 companies in the past decade, with fintech driving roughly half of all successful exits.
Africa's stablecoin revolution, ACSA's R825m tech bet & more | ITWeb Tech Headlines
These are the stories making headlines on ITWeb this week. Visa says African nations are on the cusp of a stablecoin revolution, with dollar-pegged digital currencies tipped to transform the continent's financial ecosystem — particularly for countries facing foreign currency shortages — as Nigeria and South Africa lead adoption. Meanwhile, the Airports Company South Africa has invested R825 million in technology.
Crypto executives warn proposed exchange control rules will lock SA businesses out of a global stablecoin-powered payments system.
From record highs to sharp pullbacks, local crypto-currency exchanges unpack Bitcoin’s major highlights for 2025 and provide predictions for 2026.
Through the partnership, Absa will leverage Ripple’s digital asset custody tech to deliver storage for tokenised assets, including crypto-currencies.
Collaboration to explore stablecoin use cases and opportunities.
With traditional banks shunning crypto, the digital newcomer launches a digital currency payments gateway for businesses and merchants.
The Series A round, which has a minimum participating entry of $1 million, aims to raise $80 million.
By buying USD-backed stablecoins, an investor can earn steady gains through decentralised finance services while still hedging against the falling rand, says Ovex.
Studies have shown there are around 7 million crypto traders and the number is likely to double in the next couple of years.
The Ovex Referral Programme is an excellent way to earn extra money with crypto-currency — whether you have any crypto in your wallet or not, says Ovex.