Using your foreign investment allowance – what you need to know and documentation required
If you’re a South African living abroad, and you haven’t formalised your emigration or wrapped up your financial affairs back home, you’re entitled to use your Foreign Investment Allowance to transfer abroad up to R10 million per calendar year. There are certain...
Top tips for international money transfers: How to choose the best FOREX provider
Need to make an international money transfer from South Africa abroad? The hunt to find a forex broker to trust with your money can be overwhelming, simply because there’s so much choice these days and the retail forex market is so competitive. So how do you know what...
Moving money from South Africa: the Single Discretionary Allowance & the Foreign Investment Allowance
If you’re thinking about moving money out of South Africa, you’ve got two ways to do it: by making use of your single discretionary allowance and your foreign investment allowance together, it’s possible to move up to R11 million offshore annually. What do you need to...
How Much Money Can You Take Out When Leaving South Africa?
If you’re emigrating and leaving South Africa, chances are you’re going to want to take your money with you. So how do you go about repatriating funds to your new home country destination? How do you take money out of South Africa and how much can you take? It’s a...