Thread by @talkcentss

The Changing Landscapes:

•Digital Currency
•Fintech Evolution
•Cashless Society
•Disrupting Incumbents

Look closely and you’ll see where trends move.

The South African environment is on 🔥 with innovation.

(Thread) 👇🏽

• Introduction:

Everything in hindsight seems obvious, and most look like geniuses. But, there are players who anticipate trends, and they tend to do well in the long run.

Think: Vusi Thembekwayo
Think: @MichaelJordaan

Absolute legends in their fields of play.

•Story 1 (Digital Currencies)

@VALRdotcom Is already changing the landscape.

Things like:

• High Fees
• Transaction Fees
• Slow Transactions

must become redundant,
hence the potential for disruptors like VALR.

moneyweb.co.za/moneyweb-crypt…

-About VALR

CEO @farzamehsani

* launched in 2018
* largest Exchange in SA
* 150 000 accounts
* offers 55 crypto currencies

*Raised over R57million in series A funding

Some Backers include:

@MichaelJordaan
@4DiCapital
@BittrexExchange
@BitMEX
@100xGroup

•Story 2 (Fintech Evolution)

@EasyEquities is giving South Africans access to the stock market at extremely low fees.

They’ve been aggressively growing their customer base, and taking away market share from existing incumbents.

moneyweb.co.za/news/companies…

-About EasyEquites

CEO @CharlesHSavage

* Launched 2014
* Low cost platform
* 995 296 accounts
* Rand and Dollar investing

Parent company
@PurpleGroupPPE

Check this thread out for a breakdown on their financials 👇🏽

•Story 3 (Cashless society)

Money(currency) can be sent as information, basically transferring information digitally.

1st world countries will transition first. Eventually, 3rd world countries will follow suite, the unbanked will become ‘banked’.

reuters.com/article/us-bis…

This is conducive for disruption. These new trends are becoming evident, and It opens the door for disruptors to take on incumbents.

Akin to the internet revolution.

What this does to freedom and Centralized control, we’ll save that thread for another day ;)

• Story 4 (Disrupting Incumbents)

Commercial banks must change the way they operate or risk becoming redundant

You’ll see the slow demise of failing banks-those caught off guard by disruptors

To maintain profit they’ll focus on efficiency>innovation

businesstech.co.za/news/banking/4…

•Incumbent Players

CEO: @SAReserveBank

@FNBSA
@AbsaSouthAfrica
@CapitecBankSA
@Nedbank
@StandardBankZA
@AfricanBank
@BidvestBankSA
@tymebankza

But this list isn’t exhaustive, there are a ton of registered banks in SA.

Let’s look at a few below 👇🏽

• Locally Controlled Banks⬇️

•Mutual Banks ⬇️

•Foreign Controlled Banks ⬇️

• Succumbing to Death⬇️

You sure you want to play in this game @MissNthabeleng ?

Disruptors and incumbents are bringing 🔥🔥

Bring your A game, because us South Africans want cheaper financing costs, and more opportunities for us to to be included- where we can benefit.

•Job security

SA shed 1.388 million jobs in the last year. Finance was the only sector to add jobs in that time.

#fintech is definitely an industry to explore because we are in the infancy stages of this transformation.

Below is a horrible statistic from @StatsSA 👇🏽

• Government

@ANCParliament
@MYANC

we’ve got the talent, it’s your job to regulate and make things conducive for South Africans, so we can start growing our GDP.

Entrepreneurs and small businesses need your support too.

Take a look at this graph
Let’s get to work.

• Alright trend-setters

The landscape is changing and trends can be difficult to 👀, but…. they do reveal themselves. So, it’s important to be cognizant of this changing environment, so you can position yourself accordingly.

•Email Subscription

I have decided to write more, and will be sharing hidden gems here. To make sure you don’t miss out, sign up here👇🏽

•Finance
•Business
•Economic

davidketh.substack.com/p/coming-soon

•Shoutout for making it to the end

And YES, ‘knowledge is power’, it precedes action, and is the prerequisite for successful actions.

It’s the foundation for your success. No house can be built without a strong foundation- think of your knowledge as your foundation.