We have just launched South Africa's cheapest bitcoin exchange – BitDirect.co.za (reddit.com)

South Africa has notoriously had a dominant exchange which trades in the region of 6% – 22% above the international spot rate. This is due to South African foreign exchange controls. Previous SA exchanges have made these controls the issue of the customer, where we have opted to remove this pain-point on their behalf. We have felt that a Bitcoin Brokerage, similar to Coinbase, is a better model, where we use the customer’s R1m (+- $ 80k) Single Annual Foreign Exchange Allowance to purchase…

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