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Firstly, getting a good exchange rate is all important, especially given the rand is considered a “volatile currency”. It’s important that you get to know the market and understand when it’s a good time to exchange – or you could lose thousands.
There are also governmental regulations and processes to consider such as Exchange Control or SARB (South African Reserve Bank) legislation which, again, can be tricky to navigate. Even opening a bank account, if you’re not a South African resident, can mean paperwork and required feet-on-the-ground.
These obstacles can make it very difficult to send your money into South Africa.
We’re a global company with a team of experts – based in Cape Town – that helps people move their money to South Africa every day. You’ll be in touch with one person who knows what’s required in every situation, and is able to tailor our services and guide you through the whole process.
Get in touch today, and we’ll talk you through your best options.