How to get money out of South Africa

How to get money out of south africa

How to get money out of South Africa

How to get money out of South Africa can be a complex and time consuming experience.

Its not just a case of bank transfer or a moneygram, due to the Foreign Exchange controls that are in place.

Below are some basic rules for how to get money out of South Africa and of course you are welcome to contact one of expert consultants.

Top 10 hints and tips for how to get money out of South Africa

  1. Use the services of a South African based and registered currency expert. They will be well versed in how to get money out of South Africa and be able to guide you through the appropriate procedures.Continue Reading

How to transfer money to South Africa

How to transfer money to South Africa

How to transfer money to South Africa

Its not a common enough question – How to transfer money to South Africa? For most of us we have never heard of Exchange control regulations. For those of us who have, we are under the impression it only effects us when we consider how to transfer money out of South Africa.

Many clients abroad are aware they will get a better foreign exchange rate when they effect a transfer to South Africa by using a currency specialist rather than their bank. But many still select a service provider with no knowledge of exchange control.

Read below the impact of exchange control on your transfer of capital to South Africa and how to transfer money to South Africa the right way.

Lets first deal with some myths on ‘how to transfer money to South Africa”

It does not matter how I transfer money to South AfricaContinue Reading

South African exchange control

South African Exchange Control

South African Exchange Control

For many individuals South African exchange control may well be a new topic and something they have not come across before.

It is however of vital importance when transferring money out of South Africa and also, although commonly neglected when doing so, transferring money into South Africa.

The fact is that without compliance with the South African exchange control regulations your ability to do an international transfer may well be impeded and at worst prevented.

What is South African exchange control?

South African exchange control is a regulation that controls the flow of money/ assets in and out of South Africa and is governed by the South African reserve bank.Continue Reading