In South Africa you are safer trading Options through FSCA regulated CFD brokers so if you are familiar with CFD trading the same rules will apply, just that the underlying instrument will be an a call or put option instead of forex, stocks, etc. You can trade Options through FSCA regulated brokers like PLUS 500.
What about Binary Options in South Africa? The problem with binary options is that the providers are not regulated by the FSCA because the product itself is very high risk and could lead to lots of losses.
There was a time that the FSCA issued a warning about IQ Options operations in South Africa see details here https://www.fsca.co.za/News%20Documents/FSCA%20Press%20Release_FSCA%20warns%20the%20public%20against%20IQ%20OPTION%20LLC_16%20March%202023.pdf
If you want to trade Binary Options from South Africa you must enroll with a foreign options broker many of which are not properly regulated so my advise is you avoid Binary Options.
For example look at an unregulated binary options broker like Quotex, they are still accepting clients despite the fact that they are unregulated so avoid them please.