“𝘛𝘢𝘹𝘱𝘢𝘺𝘦𝘳𝘴 𝘪𝘯 𝘚𝘰𝘶𝘵𝘩 𝘈𝘧𝘳𝘪𝘤𝘢 𝘩𝘢𝘷𝘦 𝘢𝘭𝘸𝘢𝘺𝘴 𝘣𝘦𝘦𝘯 𝘭𝘦𝘨𝘢𝘭𝘭𝘺 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘥 𝘵𝘰 𝘥𝘦𝘤𝘭𝘢𝘳𝘦 𝘤𝘳𝘺𝘱𝘵𝘰 𝘨𝘢𝘪𝘯𝘴 𝘢𝘯𝘥 𝘪𝘯𝘤𝘰𝘮𝘦 𝘶𝘯𝘥𝘦𝘳 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘵𝘢𝘹 𝘭𝘢𝘸𝘴” @coinfig_tax | sponsored 𝗧𝗛𝗜𝗦 𝗜𝗦 𝗡𝗢𝗧 𝗔 𝗡𝗘𝗪 𝗖𝗥𝗬𝗣𝗧𝗢 𝗧𝗔𝗫 The South African Revenue Service (SARS) officially implemented the OECD's Crypto-Asset Reporting Framework (CARF) effective 1 March 2026. Developed by the Organization for Economic Co-operation and Development (OECD), 𝗖𝗔𝗥𝗙 𝗶𝘀 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹𝗹𝘆 𝗮 𝗴𝗹𝗼𝗯𝗮𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻-𝘀𝗵𝗮𝗿𝗶𝗻𝗴 𝘀𝘆𝘀𝘁𝗲𝗺 𝗳𝗼𝗿 𝗰𝗿𝘆𝗽𝘁𝗼. Its goal is simple: make crypto transactions more transparent to tax authorities 𝗘𝗡𝗙𝗢𝗥𝗖𝗘𝗠𝗘𝗡𝗧 𝗢𝗙 𝗘𝗫𝗜𝗦𝗧𝗜𝗡𝗚 𝗥𝗨𝗟𝗘𝗦 Taxpayers in South Africa have always been legally required to declare crypto gains and income under current tax laws. CARF simply gives SARS robust data analytics and automated reporting streams to verify that existing declarations are accurate. This is why I partnered with @coinfig_tax It is crypto tax. Figured out. 𝗦𝗨𝗠𝗠𝗔𝗥𝗬 For investors, the message is straightforward: The more crypto becomes part of the global financial system, the more important tax compliance becomes. That means if you are buying, selling, swapping or spending crypto, understanding your tax obligations, and keeping proper records, is no longer something you can afford to overlook #Sponsored #ad
I don’t have enough bitcoin. 😭
𝗗𝗢𝗘𝗦 𝗦𝗔𝗥𝗦 𝗞𝗡𝗢𝗪 𝗜 𝗛𝗔𝗩𝗘 𝗖𝗥𝗬𝗣𝗧𝗢? If you’re a South African crypto investor, you may have wondered whether SARS can actually see what you’re doing with your crypto. 𝗧𝗵𝗲 𝘀𝗵𝗼𝗿𝘁 𝗮𝗻𝘀𝘄𝗲𝗿 𝗶𝘀: 𝗬𝗘𝗦! 🤯 SARS introduced CARF from 1 March 2026, bringing crypto-asset reporting into the country's broader tax transparency framework. Under the new rules, qualifying crypto-asset service providers 𝗮𝗿𝗲 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗱 𝘁𝗼 𝗰𝗼𝗹𝗹𝗲𝗰𝘁 𝗮𝗻𝗱 𝗿𝗲𝗽𝗼𝗿𝘁 𝗿𝗲𝗹𝗲𝘃𝗮𝗻𝘁 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝘁𝗼 𝗦𝗔𝗥𝗦. Here is how I am dealing with it on @coinfig_tax
There is an interesting tension arising from crypto as a payment system. The technology is making payments easier, but the the tax treatment can make them a bit more complicated. 𝗟𝗲𝘁 𝗺𝗲 𝘂𝘀𝗲 𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮 𝗮𝘀 𝗮𝗻 𝗲𝘅𝗮𝗺𝗽𝗹𝗲, South Africa implemented the OECD’s Crypto-Asset Reporting Framework (CARF) on 1 March this year. Crypto-asset service providers are now collecting transaction data that will be reported to SARS. But CARF itself doesn’t create a new crypto tax. The existing tax rules still apply here. That means spending crypto can create a taxable disposal. For example, if you bought Bitcoin at R500k and later spend it when it’s worth R1m, you may have a taxable gain. Also, transactions can create additional record-keeping requirements. 𝗠𝗔𝗞𝗜𝗡𝗚 𝗣𝗔𝗬𝗠𝗘𝗡𝗧𝗦 This is one reason I find the growing use of stablecoins for payments so interesting. If you buy a dollar stablecoin for $1 and spend it around $1, the gain or loss is generally negligible. But because SARS taxes in rand, movements in USD/ZAR forex can still create a small gain or loss. Bitcoin is different though. If it has appreciated significantly since you bought, spending it can crystallise a much larger taxable gain. So personally, I’d rather keep my Bitcoin and spend stablecoins, especially when travelling. 𝗪𝗛𝗔𝗧 𝗧𝗛𝗘 𝗙𝗨𝗧𝗨𝗥𝗘 𝗛𝗢𝗟𝗗𝗦 Interestingly, Japan follows a similar principle. Using crypto to make payments can give rise to taxable income. However, Japan is now looking at reforms to its crypto tax framework, which could make the treatment of crypto more favourable in the future. This is really a fascinating example of how the technology, taxation, and regulation are all trying to catch up with each other.
𝗔𝗕𝗦𝗔 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 𝗗𝗜𝗚𝗜𝗧𝗔𝗟 𝗔𝗦𝗦𝗘𝗧 𝗖𝗨𝗦𝗧𝗢𝗗𝗬 In October 2025, Absa partnered with Ripple to bring institutional digital-asset custody to South Africa. Absa became Ripple’s first major custody partner in Africa, using Ripple’s technology to securely store and manage tokenised assets, including cryptocurrencies. 𝗛𝗘𝗥𝗘 𝗜𝗦 𝗧𝗛𝗘 𝗟𝗔𝗧𝗘𝗦𝗧 That partnership has now moved from announcement to an actual banking service. Absa has launched Absa Digital Asset Custody, providing corporate and institutional clients with a secure, regulated environment to safeguard digital assets and manage the private keys that control them. Absa says its new service combines institutional governance, compliance, transaction controls, security and audit capabilities with Ripple’s digital-asset technology. 𝗦𝗨𝗠𝗠𝗔𝗥𝗬 This isn’t Absa launching a crypto exchange or encouraging customers to trade cryptocurrencies. Rather, It’s a major African bank building regulated infrastructure for institutions to hold and manage digital assets.
𝗗𝗘𝗠𝗢𝗟𝗜𝗦𝗛𝗜𝗡𝗚 𝗜𝗡 𝗣𝗥𝗢𝗚𝗥𝗘𝗦𝗦 South Africa’s construction sector has been in contraction for eight consecutive years. Even more striking is that the sector has shrunk from R144.8 billion in 2018 to R98.6 billion in 2026. *Constant 2015 price https://t.co/dFz5ZuriTa
RAN(D)SOMEWARE ATTACK 🇿🇦 Vehicle tracking company Cartrack suffered a ransomware attack on August 26, 2026, which exposed sensitive customer data later published on the dark web. “The Incident is believed to have been carried out by the ransomware group known as "Direwolf They then casually dropped this 🔻
In South Africa electricity is not abundant and not cheap. They have failed their people.
You are signing over your youth to banks. Make sure you know what you are signing because you are locking yourself into decades of manual labor just to service the debt, with limited optionality and flexibility. These entities are extracting your productivity. These rates are just simply oppressive.