Btc price differs from exchange to exchange.
Local exchange prices are generally a lot higher when comparing it to international exchanges, because btc is a lot more scarce in RSA, and people are willing to pay the inflated price locally.
So the price on luno is accurate for luno. That it's the price local people using luno are willing to pay for 1btc.
Off course as bitcoin becomes more mainstream locally, the local prices should fall more inline with international exchanges.
Local exchange prices are generally a lot higher when comparing it to international exchanges, because btc is a lot more scarce in RSA, and people are willing to pay the inflated price locally.
So the price on luno is accurate for luno. That it's the price local people using luno are willing to pay for 1btc.
Off course as bitcoin becomes more mainstream locally, the local prices should fall more inline with international exchanges.
