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