Investing in South Africa from the UK or Abroad? Get the Foreign Exchange process right the first time

Investing in South Africa from the UK or Abroad? Get the Foreign Exchange process right the first time.

By Pauline Torongo

Planning to invest in South Africa from abroad? Recent headlines warning about changes to the South African Reserve Bank (SARB) Balance of Payments (BOP) codes might sound alarming, but the reality is far less dramatic. The new categories simply provide more detailed reporting. The real risk for non-resident property buyers actually lies in not structuring their funds correctly from day one.

By following a few simple best practices – such as opening a South African non-resident bank account and maintaining a clear audit trail – you can keep your transactions compliant, maximize your currency conversion control, and ensure a smooth, stress-free process when it’s time to repatriate your investment.

Read More

Share this:

PAIA Manual Request

For a copy of our PAIA Manual, please contact Jonathan Miller in writing at jonathan@gda.co.za

To request access to a record, please download the form by clicking on the button below, complete and then email the form to jonathan@gda.co.za

Record Request Form

The relevant FSP to which your request pertains will furnish you with a response that includes the form at the button below in confirmation of the outcome of your request and the relevant payable fees.

Outcome and Fees Form