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