Opening a business in South Africa means having to transfer money from abroad. You might continue transferring money to and from South Africa once the business is open. Our in-house consultants can help you with money transfers and foreign exchange in South Africa.
Tailored and cost-effective solutions
An integral part of our money transfers and foreign exchange services is getting to know each and every business. Understanding how the business works and what its currency requirements are enable us to provide a tailored solution.
Our clients can count on much more than just personalised service though. We also offer:
- The very best exchange rates.
- Safe and secure trading.
- All exchange control approval.
- Advice on foreign exchange control and compliance thereof.
- The ability to open accounts before arrival in South Africa for transfers.
Why is foreign exchange different in South Africa?
South Africa is one of the few countries in the world that still has foreign exchange control regulations in place. These regulations govern the flow of all money that comes in or goes out of South Africa and place certain restrictions on what can and cannot be transferred.
It is therefore vital to transfer money in a compliant manner, allowing for recovery of funds at a later date. Transferring money out of South Africa is as complex and requires permission from the Reserve Bank. Intergate will take care of this for you, generally at no cost.
Let us help you with your money transfers and foreign exchange in South Africa
Instead of queuing at the bank for hours, trying to understand financial and legal terms, and working your way through endless application forms, let Intergate handle your money transfer and foreign exchange.
All our transactions are processed through local banks that are approved authorised dealers by the South African Reserve Bank. Our money transfers are done in strict accordance with regulations and all our transactions are audited in terms of licence and banking requirements.
Not only that, but Intergate has helped thousands of foreign immigrants with money transfers and foreign exchange in South Africa. Talk to our team by calling our Cape Town office on +27 (0) 21 424 2460 or our Johannesburg office on +27 (0)11 234 4275. You could also request a call back or complete an online assessment form for us to call you. Your request will be assigned to a consultant who will endeavour to contact you within 24 hours to discuss your case.