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El Salvador is likely to become the first country to adopt bitcoin as legal tender. Momentum Fotograh/Shutterstock

Bitcoin: El Salvador’s grand experiment

El Salvador has become the first country to adopt bitcoin as legal tender. This is a noble idea, but unworkable in the long term.
Social grant recipients waiting in Gugulethu, Cape Town. A battle over social grant payment tender threatens the system. EPA/NIC BOTHMA

The real risks behind South Africa’s social grant payment crisis

The South African Social Security Agency has created a crisis that threatens to deliver social grant recipients on a silver platter into the hands of unscrupulous financial services companies.

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