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Posts by Chris Jacobsz:

BTC-to-ZAR-Conversions

The Role of BTC to ZAR Conversions in South Africa’s Emerging Tech Economy

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Considering that South Africa is quickly becoming a hotbed for technological innovation, the rise of cryptocurrencies is taking a front seat in designing the country’s economic future. South Africa has become one of the favorite places for bitcoin adoption, as the world’s first and most popular cryptocurrency, bitcoin (BTC), has found its way not just as an investment vehicle but as a tool to make everyday transactions. Another way that the crypto economy is blossoming is when Bitcoin is converted to South African Rand (ZAR), letting people and businesses convert their digital assets to their local economy value.

When you convert BTC to ZAR it means you are converting Bitcoin to South African Rand. With such platforms as Binance, exchanging Bitcoin to ZAR has never been easier with real-time Bitcoin to ZAR price updates and the ability to trade securely and efficiently. This is important for South Africans who would like to cash out their Bitcoin to pay local expenses, invest, or run business operations, connecting the international worlds of cryptocurrency with the local economy.

South Africa Adopting Bitcoin

One of the African nations that have since dazzled with successive cryptocurrency adoption is South Africa. Several factors contribute to this trend, including:

Economic Challenges: South Africans are using Bitcoin as a hedge against persistent issues like currency devaluation and inflation.

Financial Inclusion: Access to cryptocurrencies gives the unbanked or underbanked population an alternative financial system to buy and sell in the global economy.

Tech-Savvy Youth: As a tool for financial empowerment, a growing number of young, tech-oriented South Africans have already jumped on the blockchain and cryptocurrency bandwagon.

That is why being able to BTC to ZAR convert becomes a critical factor here. It gives individuals and enterprises the ability to harness the power of Bitcoin while staying linked to the familiar financial system of their location.

Why BTC to ZAR Conversions Matter when it Comes to South Africa’s Tech Economy

However, Bitcoin’s utility in South Africa goes well beyond speculative investment. Here are some of the ways BTC to ZAR conversions contribute to the country’s tech-driven economic growth:

Empowering Tech Startups:

A number of South African startups rely on Bitcoin for funding and operations, particularly in the fields of fintech, e-commerce, and blockchain development. The startups are able to access local resources, pay salaries and operational costs with BTC to ZAR conversions, and experience the global reach of cryptocurrency.

Facilitating Remote Work Payments:

Many professionals work for international clients, and the South African freelance and remote work sector has really grown, too. The speed and cost effect of Bitcoin has made it a popular payment method. Convert your earnings from BTC to ZAR and you can spend them locally without wasting your time dealing with expensive foreign exchange fees.

Reducing Transaction Costs:

Traditional banking systems can be very expensive and slow for cross-border transactions. In addition to being faster and cheaper than other conventional modes of sending money, Bitcoin presents an alternative that allows the funds to be used within the South African economy through BTC to ZAR conversions.

Encouraging Crypto Innovation:

All this made the crypto space more innovative thanks to the ease of converting Bitcoin to local currency. South African developers and entrepreneurs know they can integrate the code for any blockchain-based solution they’re developing to only accept Bitcoin and then easily convert it to ZAR when needed.

The Role of Conversion Platforms 

Binance platforms are very important when it comes to converting BTC to ZAR. They supply real-time exchange rates, a user-friendly interface, and secure environments to trade. These platforms offer South Africans access to tools and resources that enable them to interact with Bitcoin confidently and effectively.

For example, a user navigating the Binance BTC to ZAR price page can view real-time Bitcoin prices in South African Rand, calculate the equivalent value, and trade with the same convenience. This transparency and convenience must be present to instill trust, and for cryptocurrency to be used in an everyday manner.

Challenges and Opportunities

While the potential of BTC to ZAR conversions is significant, certain challenges persist:

Regulatory Uncertainty:

The South African Reserve Bank (Sarb) has yet to finalize regulations in relation to cryptocurrency. The uncertainty is a factor that can scare away some businesses and individuals fully engaging in the BTC conversions.

Volatility:

Because Bitcoin’s price can change rapidly, conversions can be unpredictable and users dependent on stable exchange rates may take a hit.

Awareness and Education:

However, many South Africans are still not familiar with the nitty gritty of Bitcoin and how it is converted. Unlocking new opportunities, it turns out, requires efforts to educate the population.

Although these are all challenges, there are incredible opportunities for growth. Given the nature of South African government and how the country’s financial agencies are experimenting around the blockchain technology, conversions of BTC to ZAR, will be playing more important role in the economy.

However, in South Africa’s developing tech economy, the ability to convert units of BTC to ZAR is irreplaceable. It acts as a bridge between global cryptocurrency markets and the local financial system, allowing individuals and businesses to join the digital world currently on the rise. 

It is for this reason that platforms such as Binance are important in offering crucial ways in which we can make this process easier for the South Africans, to help them leverage Bitcoin to its full potential. BTC to ZAR conversions will continue to lead the way for the nation’s innovation and adaptation as it takes it to greater heights of economic transformation.

Athlete-Running-Image-Supplied-by-Kroko

Preparing for Comrades: The athlete’s toolkit for tackling foot care woes

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South Africa’s great climate and beautiful natural resources support a vibrant running community, with trail and road running races popular countrywide. As the Comrades Marathon approaches on 9 June, many runners are preparing to compete in The Ultimate Human Race, and along with increasing endurance, foot care will need to be a priority. Kroko, manufacturers of South Africa’s leading foot care products, have shared valuable tips for athletes preparing to compete.

“The almost 90km Comrades Marathon is considered one of the world’s toughest but most prestigious road races in the world,” noted Lynsey Hammond, MD for Kroko. “It takes months of preparation, but something as simple as a blister, corn, or callus can put a runner off their game and affect their finish time. With a 12-hour cutoff, every minute counts so to support all the athletes competing, we’re sharing some tips on keeping feet healthy ahead of – and after – the race.”

  1. Get the right footwear

For marathon runners, the most important investment is the right pair of running shoes which offer support, cushioning, and stability. Shoes need to be snug but not too tight, with your toes free to move so most runners wear a size bigger than their normal shoe size. It’s best to have a backup pair for rotation during training.

  1. Wear quality socks

An often overlooked but similarly important investment is good running socks that fit well. Socks that are too tight can also cause corns and calluses.  Ill-fitting, wet cotton socks will lead to several foot health challenges including blisters. Acrylic brands that are lightweight and breathable are a good option.

  1. Keep your feet clean and dry

Before slipping your feet into socks and shoes, clean them with soap and water before drying them thoroughly – particularly between the toes. People who wear closed shoes and sweat heavily can be more prone to fungal infections too so it’s important to keep your feet as dry as possible.

  1. Keep your toenails short

Many runners are familiar with the sight of black toenails after hours of training, and while this isn’t always avoidable, the risk can be diminished. Cut your toenails regularly as longer toenails will press into your socks and running shoes, causing inflammation of the nails.

  1. Use quality foot powder

A runner’s best foot care product is a quality foot powder which absorbs moisture in the shoe and prevents blisters. Kroko Foot Powder has anti-fungal ingredients to help prevent fungal infections and athlete’s foot. The purified talc and zinc stearate will help absorb excess moisture. For best results, sprinkle the powder directly onto the foot as well as in the shoes.

  1. Strengthen and stretch your feet

Prevent foot injuries by stretching your feet and toes such as flexing and pointing toes or rolling a tennis ball underfoot. Another great one is standing with both feet flat on the floor, and then slowly lifting the big toe only on each foot. This improves circulation, strengthens feet, and can reduce the risk of cramps when running. A magnesium supplement will also help prevent cramps in the feet and other muscles.

  1. Treat corns and calluses early

Many experienced marathon runners have experienced the discomfort of corns and calluses. These are thick, hardened layers of skin that develop when the skin tries to protect itself against friction or pressure like from running shoes. It’s best to treat these quickly with effective products that yield results. Kroko’s flagship corn and callus remover has been the go-to treatment since 1936. The brand also has medicated Corn Plasters, Corn Protectors, and CornFix – an innovative liquid application with corn protectors included in the pack. Kroko’s corn and callus treatments are a runner’s best friend!

“The Kroko team would like to wish all Comrades Marathon runners success in this year’s race,” continued Hammond. “Know that Kroko is with you every step of the way!”

For more information, visit www.kroko.co.za or email info@kroko.co.za. Keep updated on all Kroko news by following Krokofootcare on Facebook or kroko_footcare on Instagram.

TGRSA-Dakar2024

Three SA Crews to Take on Dakar 2024

TOYOTA GAZOO Racing South Africa will be fielding three crews at the 2024 Dakar Rally, with all three drivers hailing from South Africa

All the crews will be powered by the same Dakar-winning GR DKR Hilux Tl+, which attained the top step of the Dakar podium in both 2022 and 2023. The car will be significantly updated for 2024, but more details on these updates will follow in due course.

Unfortunately, Henk Lategan will be missing Dakar 2024 due to a shoulder injury that he sustained during the penultimate round of the South African Rally-Raid Championship (SARR(), where he was fighting for the championship. Lategan has undergone surgery on his shoulder and won’t be fully healed in time for the upcoming Dakar Rally, which takes place early in January 2024.

The most experienced member of the new-look team remains Giniel de Villiers, who will again be partnered with Denis Murphy. The South African driver has one of the
best records in the history of the Dakar Rally, with 20 starts to his name. Having only finished outside the Top 10 once (2007); he has been in the Top 5 fifteen times and taken overall honours once. He has won 18 stages over his Dakar Rally career, and there can be no doubt that the team will rely heavily on De Villiers’ experience again this year.

For Dakar 2024, De Villiers will also have Guy Botterill as teammate. Botterill, who hails from the city of Durban, is a race winner in the South African Rally-Raid Championship, and a full-time member of TOYOTA GAZOO Racing South Africa, who contests the local championship. He spent most of his racing career in the exciting world of rallying, where he won several South African national titles before moving across to rally-raid racing. Dakar 2024 will be his first attempt at the event, but with Henk Lategan side lined, Botterill will have the experienced Brett Cummings doing duty as co-driver.

The 3 SA Crews from TGZSA

• TGR SA to contest Dakar 2024 with three crews
• New driver line-up for 2024 Dakar campaign
• Dakar-winning GR DKR Hilux Tl+ remains

The final member of the South African trio in TGR’s Dakar team is also its youngest. Sa’ood Variawa is an 18-year-old racing sensation, who will be racing alongside the experienced French co-driver, Francois Cazalet. After cutting his teeth in the local Global Touring Car championship and showing promising pace in mid-season testing, Variawa is looking to make the jump to the ‘sandy stuff’. He is the son of Shameer Variawa, who contested the Dakar Rally with TGR in 2021 and 2022, finishing a credible 20th and 15th respectively.

With a fresh new look to its driver line-up, TGR is looking to its future, which includes the continued development of its Dakar-winning GR DKR Hilux Tl+. Details of the car’s updated specifications for the 2024 season will be shared in due course.

However, the latest evolution of the car will conform to the new rules as set out by the FIA. Additionally, Toyota’s aim of building ever-better cars through motorsport has spurred on further refinements to various components of the car. At the same time, the team is looking to a sustainable future, details of which have not been announced yet.

The 12-stage marathon event will start on January 5th, 2024, in the northern Saudi city of Alula. From there, the route will wind its way through the spectacular sands of Saudi Arabia, before doubling back for the finish at the coastal city of Yanbu.

“The Dakar Rally has been close to our hearts ever since Toyota SA Motors launched the project back in 2011,” says Glenn Crompton, Vice-President: Marketing, Toyota SA Motors. “Our first participation, in 2012, was a landmark for the company, as we took on the world. We finished third in that first outing, and improved to second the following year. Since then, the Dakar Rally project has been on an incredible journey where we have continually improved the Hilux, building an ever-better car that triumphed in the world’s toughest race – first in 2019, and then again in 2022 and 2023. We are extremely proud to be part of this journey, and we are excited about showcasing our latest GR DKR Hilux Tl+ in the hands of both experienced and young talent.”

Schubart-Park-New

The historic Schubart Park to be Restored to Former Glory

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The historic Schubart Park, which has fallen into disrepair over the years, is now set to undergo restoration following a …

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The historic Schubart Park, which has fallen into disrepair over the years, is now set to undergo restoration following a settlement with the developer.

Located on Vermeulen Street in the Pretoria CBD, the once-grand building has been an unsightly and abandoned structure for more than a decade, rendering its units worthless.

Fortunately, the Tshwane metro has recently reached an out-of-court settlement with Zambli 279 (Pty) Ltd/Tsoseletso Consortium, paving the way for the building’s revitalization.

The agreement was finalized in September 2022, with the intention of repurposing the building to accommodate the former tenants who were evicted in 2011. A social housing unit will be constructed within the building as part of this endeavor.

A council report estimates that Tshwane stands to generate over R500 million in rental income over the course of a 90-year lease agreement.

The refurbishment plans include the provision of housing units for the former residents or their family members, as mandated by a court order resolution.

Kingsley Wakelin, the MMC (Member of the Mayoral Committee) for Corporate and Shared Services, expressed the metro’s commitment to unlocking development opportunities within its borders through strategic property releases that will benefit the local residents.

In line with this objective, the metro has approved various property transactions aimed at promoting affordable inner-city housing and fostering mixed-use development, as part of the resolution of the Schubart Park matter.

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