The South African Reserve Bank's Exchange Control Regulations and Rules preside over any kind of foreign exchange that is dealt with in South Africa.
Absa International Banking caters for various exchange control payment options such as:
- Overseas gifts
- Travel allowances
- Land arrangements
- Maintenance payments/alimony
- Conference payments
- Emigration allowances
- Study allowances
- Membership fees
The above are just of the categories we can assist you with. Speak to us for assistance before making any international payments. Our expertise and friendly service may just save you some money – local and foreign!
All foreign exchange dealings transacted in South Africa are subject to Exchange Control Regulations and Rules as prescribed by the South African Reserve Bank.
South Africa, Lesotho, Namibia and Swaziland as a group are known as the Common Monetary Area. Even though they have their own currency, these countries accept South African Rands.