South African forex portal bids for local market share
TECHNOLOGY NEWS
JOHANNESBURG -- South African multi-bank forex portal NetTreasury has seen steady growth in trading volumes since its launch a year ago, officials told FX Week.
The firm transacted over ZAR500 million last year in the South African market, and has since seen 50% monthly growth, said Linley Scorgie, managing director at NetTreasury in Johannesburg.
The portal acts as an intermediary between corporates and banks in South Africa by sending forex price requests from the 150 corporates using the
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