For many South African retirees, the dream is clear: balmy weather, breathtaking scenery, and a relaxed pace of life abroad. But translating that dream into reality involves a critical financial…
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Exchange control is a fundamental concept in international economics and finance that plays a crucial role in regulating the flow of currencies across borders. Governments implement exchange control measures to…
As a South African expat living abroad, managing your finances in more than one country shouldn’t be a source of anxiety for you. But, with the South African Revenue Service…
South Africa’s exchange control and tax systems are in the process of being modernised and overhauled. This means that the South African Reserve Bank (SARB) and the South African Revenue…
Planning to transfer funds overseas? Whether you’re investing, sending gifts, or managing international business, understanding the role played by the South African Revenue Service (SARS) in this process is important….
Theoretically, South African residents can transfer up to R11 million per individual, per year out of the country using their exchange control allowances – namely the Single Discretionary Allowance and…
Transferring money overseas from South Africa isn’t as complicated now as it once was. Exchange control rules and regulations used to be extremely restrictive, and there was a significant distinction…
Although leaving South Africa permanently is an exciting, life-altering decision, your emigration isn’t complete when your flight touches down on the other side of the world. There is still the…
Although the South African Reserve Bank (SARB) has relaxed exchange control rules significantly in the past few years in order to make cross-border transactions less onerous, there are still limits…
One of the most important aspects of planning for your international relocation is laying the groundwork to move your money out of South Africa. Although exchange control regulations have eased…