Witsand leads the way as more Garden Route towns adopt Bitcoin

Loading player...
Witsand, known for its fynbos, whale watching, and flatwater kiting spots, has become one of the first towns to adopt Bitcoin for everyday transactions. In this town, residents and visitors can buy petrol, groceries, surf lessons, and more using Bitcoin. This trend is growing along the Garden Route, particularly in Plettenberg Bay. In an interview with Biznews, Witsand resident Eldry Hill explained that this shift is a response to the significant depreciation of the rand against the dollar, providing a hedge against South Africa's monetary policy. Hill noted that Bitcoin is particularly suited for individuals in South Africa who are considered unbankable, as it does not require a traditional bank account and allows people to earn Bitcoin through work. Early adopters in Africa, she said, can benefit from Bitcoin's scarcity and it is an attraction for tourists from the Bitcoin community.
28 Mar 2025 5AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min