Economy
Success Stories of Forex Traders in South Africa: Insights From Traders Union
Forex trading can make people millionaires over time, but it’s not about luck. It’s about knowing when to enter and exit the market. Traders Union (TU) experts emphasize that success comes from having a strong strategy and the right indicators. It’s not just about timing; it’s about understanding the market. Discover the top 5 successful Forex traders in South Africa.
South Africa’s wealthiest Forex traders
In the world of Forex trading, South Africa has produced a group of inspiring individuals who have defied the odds and achieved remarkable success. TU’s analysts delve into the stories of these enterprising traders, highlighting their journeys from diverse backgrounds to becoming influential figures in the Forex industry.
1. Reabetswe Shongwe – from retail sales to wealthy Forex trader in Africa
The analysts highlighted Reabetswe Shongwe’s journey from a low-paid retail job to becoming a successful female Forex trader. She’s now a member of Trade4Africa’s Women in Forex and Entrepreneurship (W.I.F.E.) division, showcasing the growth of Forex trading in Africa.
2. Ref Wayne – South Africa’s top Forex trader and financial educator
He is one of South Africa’s top 10 Forex traders and used his trading skills to become a multimillionaire at a young age. He’s not only the creator of Pip Coin but also a financial literacy teacher, offering free Forex lessons and establishing the African Forex Institute.
3. Jabulani Ngcobo – a self-made Forex millionaire’s journey
At just 37 years old, he is among South Africa’s wealthiest self-made millionaires, with a $2.4 billion net worth. Before achieving success, he worked as a laborer and later started his own debt collection and Forex trading companies, exemplifying the potential of hard work and dedication in Forex trading.
4. Louis Tshakoane – empowering traders and making a positive impact
Founder of Undercover Millionaire’s Currency in South Africa, aimed to create a platform for business collaboration. His book “Forex Millionaire in 365 Days by God’s Grace” has achieved significant sales, and he provides free Forex signals to those who cannot afford premium services.
5. Shaun Benjamin – from struggles to founding a Forex academy
His journey began with financial difficulties but led to him becoming a Forex trader. He established the Benjamin Forex Academy, an organization focused on helping others achieve financial freedom and reducing unemployment in South Africa.
A roadmap to success
Becoming a successful Forex trader in South Africa can be achieved by following these key tips from Traders Union analysts:
- Keep learning – start by acquiring knowledge. Invest time in learning about the Forex industry through guides, videos, and books.
- Practice wisely – when you’re confident, practice using demo accounts. Be cautious not to overstay in demo mode, as it can hinder your transition to real trading.
- Manage emotions – avoid emotional trading, which often leads to impulsive decisions and more losses.
- Take advantage of mistakes – welcome them as chances for growth. Keep a record of your trades to analyze and improve your skills.
These tips are valuable for both beginners and experienced traders.
Forex trading as a promising career
Understanding the South African financial market can be difficult, but Forex trading offers an opportunity to earn money from the comfort of your home. It does not require a significant initial investment. TU’s experts consider that the key is finding the right broker with favorable trading conditions and minimal fees.
Brokers in South Africa’s thriving financial industry provide trading knowledge and global market access, often enticing new investors with promotions.
Forex trading demands knowledge, skills, and ethics. Learning Forex terminology and principles from books, articles, and videos is essential. While it can be a rewarding career, beginners should be aware of the risks involved. Success stories in Forex trading often originate in places like South Africa.
Conclusion
Forex trading is not about luck but about strategy and understanding the market, as emphasized by the Traders Union. South Africa boasts remarkable success stories in Forex trading, such as Reabetswe Shongwe’s journey from retail to success and Ref Wayne’s ascent to the top 10 traders. Jabulani Ngcobo’s self-made millionaire status and Louis Tshakoane’s mission to empower traders also inspire. Shaun Benjamin’s path from struggles to founding a Forex academy shows the potential for financial success.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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