Do you need help transferring money out of South Africa?
Transferring money out of South Africa can be overwhelming if you don’t understand the exchange control regulations. Contact us if you need to move money or want to discuss exchange controls, discretionary and investment allowances or if you need help getting a tax clearance certificate for your international transfer.
Our Products and Services
Spot Contracts
Spot contracts are perfect if you need to make an international payment quickly. We offer you a rate based on the live market, if you’re happy with the rate you can secure it straight away. Once you’ve settled your deal, we’ll arrange to transfer your funds.
Forward Contracts
A forward contract is an agreement to exchange currency at a future date based on a price agreed today. This is quite simply a buy now pay later solution. Ideal if you are concerned the rate will get worse and you want to protect your budget.
Market Orders
A great way to target a particular exchange rate is to use Market Orders. Simply tell us what level you would like to trade at and we’ll put an instruction into the market to trade at that level should the price become available.
We can help you manage your foreign exchange exposure.
Exchange rates change quickly and can move a large amount in a short period of time. There are ways to reduce your risk and prevent your payments from escalating in cost. A Forward Contract is a simple and effective tool to consider.
Our Products and Services
Protect your Funds
The best way for SME’s to hedge is to use a Forward Contract. Forward contracts are easy to use, quick to implement and are specifically designed for reducing or eliminating risk on future dated transactions.
Purpose of Hedging
It’s a common misconception but the aim of currency hedging is not to second-guess what the exchange rate will do; but rather to protect your transactions against the possibility of adverse movements.
Understand your Risk
When assessing the true value of your risk, you should estimate how much the exchange rate could move between now and when you need to make a payment, and how that movement could affect the value of your future transaction.