If you plan to conduct investments in South Africa exchange control is a crucial topic. Those are monitored by the South African Reserve Bank (SARB) and executed by authorised banks and exchange merchants. There has been a relaxation of various exchange controls in recent years, but companies and private persons still suffer from restrictions to transfer foreign exchange in or out of the country. A considerable bureaucratic effort arises for companies due to necessary permissions and required controls for foreign payments and investments.
This results in additional administrative tasks and contributes to costs of doing business in South Africa. Therefore, it is advisable to contact us well in advance of the intended arrival of funds in South Africa.