The ZAR – South African Rand originates from the Dutch Zuid-Afrikaanse Rand. It’s name is taken from the area that had the most gold deposits in South Africa – Witwatersrand, the ridge upon which Johannesburg is build.

As with all countries the currency is abbreviated as a code and in the Rands case it is ZAR.

The ZAR comprises of 100 cents and denominations include coins (5 cents, 10 cents, 25 cents, 50 cents, 1 rand, 2 rand and 5 rand) and notes (R10, R20, R50, R100 and R200).

The ZAR is one of a handful of countries that still has exchange control regulations in terms of transferring money into a foreign currency. These exchange controls effect both the transfer in and transfer out of money. although it is when transferring South African Rand to another currency most people become aware of these regulations.

Permission to transfer ZAR must be first obtained, whether it is an individual or company effecting the transfer. This can involve submission of items such as tax clearance certificates, invoices and orders.

All transactions to transfer ZAR out of South Africa must be via an authorised dealer – which in the main are banks.

Incompass Forex, offers a full service to it’s client that helps with obtaining the required permissions, involved no administration fees from Incompass and provides you with access to the very best exchange rates.

When you next need to transfer ZAR (South African Rand) give Incompass Forex a call and experience a superior service, expert knowledge and better rates.

Ring us now on +27 (0) 21 4242936 during office hours or request call back here.

For more information on the the ZAR (South African Rand) please see here.

Whilst the rules and regulations surrounding the transfer of South African Rand have been relaxed tremendously in the past few years there are still a number of conditions that you must meet.

Below we have a look at some of the steps you may need to take to Transfer South African rand.

Approvals for the Transfer of South African Rand

• To effect a transfer of South African Rand the individual or company may need to obtain Reserve bank approval, either directly from the Reserve Bank or via an authorised dealer. In the case of Incompass we are able to assist you with this process via our authorised dealer and we levy no service fees for this service.
• To Transfer South African Rand you will also, in most circumstances need to first obtain a tax clearance certificate (as part of the approval process), that shows your tax affairs are in order. This is always the case where an individual is transferring more than one million South African rand, amounts under this do not require tax clearance.

The process can seem a little confusing and can also be a time consuming exercise. Incompass Forex offers its clients a full service whereby it assists with obtaining the necessary clearances and provides you with clear guidance on the most appropriate allowance or category that an application should be made under.

Popular rand transfer currencies

South African Rand to US Dollars Money Transfers

South African Rand to Euro

South African Rand to Canadian Dollars Money Transfers

South African rand to British Pounds

South African Rand to Australian Dollars

The benefits of using Incompass for your transfer

• Our “Transfer South African Rand” service incurs no administration fees or hidden costs
• Due to the large volume of transfers we do we are able to offer you market leading exchange rates.
• We are a registered and authorised currency company with the Financial Services Board as well as the Reserve Bank of South Africa.
• We are both ISO accredited for 9001 and 27001.

If you wish to Transfer South African Rand contact Incompass Forex for the best service and rates by calling us + (27) 21 424 2936 or emailing us here.

Whatever your reason to transfer money to South Africa might be, Incompass is renowned and trusted by its clients for providing the best exchange rates. With no service fees (for transfers in excess of ZAR 50,000), excellent personal service and importantly; an in-depth understanding of foreign exchange control regulations. In short we provide you with peace of mind and excellent value for money.

Enquire here about Money Transfers to South Africa

There are some key facts you need to be aware of before making a money transfer to South Africa:

• A money transfer to South Africa is regulated under the foreign exchange rules that regulate all money transfers both in and out of South Africa. This means that you need to ensure you deal with a money transfer company that is knowledgeable about exchange control. Failure to comply could complicate or even prevent you from one day transferring your money back out of South Africa.
• Deal with a reputable company – they should be registered with the Financial Sector Conduct Authority (FSCA) of South Africa and have suitably qualified staff.
• Money transfer companies not situated in South Africa are highly unlikely to be regulated by the FSCA and highly unlikely to have any exchange control knowledge.
• Banks tend to charge fees for your money transfer to South Africa (the equivalent of R350 to R600), their exchange rate is usually worse than that of money transfer companies. This means your transfer of money to South Africa results in less Rands in your bank account.
• Your receiving bank in South Africa may well also levy a charge, resulting in a double penalty and less Rand for you.

Incompass

Incompass is one of the preferred suppliers for money transfer services to South Africa, we are rightly proud that the
majority of our new clients come from referrals and recommendations from professional companies and existing clients.

If you seek great service, no administration fees and market leading foreign exchange rates on your money transfer to South Africa.

Contact Incompass Forex now on + 27 (0) 21 424 2936 during office hours or request call back here.

Looking to transfer money from South Africa to another country? Incompass Forex is able to assist with most major currencies.

Our money transfer service provides you with:

• NO administration fees on your currency transfers.
• The VERY BEST foreign exchange rates.
• ALL tax clearance and Reserve Bank clearances that are required for transferring money.
• EXPERT advice and guidance for all foreign exchange and currency transfers.
• DISCERNING currency exchange service.
• SAFE AND SECURE currency trading.
• FULLY SARS and Reserve Bank compliant money transfer process and procedures.
• CORRECT declaration of funds transferred into South Africa.

Enquire here about Money Transfers to and from South Africa 

All of our transactions are processed through local banks, that are approved authorised dealers by the South African Reserve Bank. In addition we are an FSCA (Financial Sector Conduct Authority) registered company holding all appropriate licences. Our currency transfers, in and out of South Africa, are done in strict accordance with money laundering regulations and exchange control regulations; and all our transactions are audited in terms of our licence and banking requirements.

We are able to assist you with the following currency transfers:

• From South African Rand (ZAR) to Australian Dollars (AUD)
• From South African Rand (ZAR) to Botswana Pula (BWP)
• From South African Rand (ZAR) to Canadian Dollars (CAD)
• From South African Rand (ZAR) to Swiss Franc (CHF)
• From South African Rand (ZAR) to Danish Krone (DKK)
• From South African Rand (ZAR) to Hong Kong Dollars (HKD)
• From South African Rand (ZAR) to Mauritian Rupee (MUR)
• From South African Rand (ZAR) to Norwegian Krone (NOKK)
• From South African Rand (ZAR) to New Zealand Dollars (NZD)
• From South African Rand (ZAR) to Swedish Krona (SEK)
• From South African Rand (ZAR) to Singapore Dollar (SGD)
• From South African Rand (ZAR) to Euros (EUR)
• From South African Rand (ZAR) to Great British Pounds (GBP)
• From South African Rand (ZAR) to Japanese Yen (JPY)
• From South African Rand (ZAR) to United States Dollars (USD)
• From Australian Dollars (AUD) to South African Rand (ZAR)
• From Botswana Pula (BWP) to South African Rand (ZAR)
• From Canadian Dollars (CAD) to South African Rand (ZAR)
• From Swiss Franc (CHF) to South African Rand (ZAR)
• From Hong Kong Dollars (HKD) to South African Rand (ZAR)
• From Norwegian Krone (NOKK) to South African Rand (ZAR)
• From New Zealand Dollars (NZD) to South African Rand (ZAR)
• From Swedish Krona (SEK) to South African Rand (ZAR)
• From Singapore Dollar (SGD) to South African Rand (ZAR)
• From Euros (EUR) to South African Rand (ZAR)
• From Great British Pounds (GBP) to South African Rand (ZAR)
• From Japanese Yen (JPY) to South African Rand (ZAR)
• From United States Dollars (USD) to South African Rand (ZAR)

You experience better rates, save money and enjoy a first class service. Contact Incompass Forex today for all your money transfers, currency exchange and foreign exchange services and advice.

Contact Incompass Forex now on + 27 (0) 21 424 2936 during office hours or request call back here.

Do you need to transfer South African rand to US Dollars?

US Dollars remains the currency of the world and Incompass Forex help many individuals and corporates with their money transfer needs for South African Rand to US Dollars.

Get the best rate for your transfer from South African Rand to US Dollars

Call us on + 27 (0) 21 424 2936 for:

• Market leading rates.
• No service fees for transfers over ZAR 50,000
• Free tax clearance and reserve bank approval.

Our Service

When transferring South African Rand to US Dollars, South African individuals and companies need to be aware of the impact of exchange control regulations on any foreign exchange transaction as well as the profound effect that administration fees and poor exchange rates can make on the amount of US dollars they end up with.

Incompass Forex is able to cater for both individuals and Companies wishing to transfer money from South African Rand to US Dollars.

We offer:

• Expert knowledge.
• No administration fees.
• Market leading exchange rates.

For your transfer of South African Rand to US dollars ring us now on + 27 (0) 21 424 2936 during office hours or request call back here.

Are you seeking to transfer South African rand to Euro?

Incompass Forex others a full foreign exchange service for transferring South African Rand to Euro.

Get the best rate for your transfer from South African Rand to Euro

Call us on + 27 (0) 21 424 2936 for:

• Market leading rates.
• No service fees for transfers over ZAR 50,000.
• Free tax clearance and reserve bank approval

Our Service

• We help to deal with all aspects of exchange control as well as tax clearance certificates, charge no administration fees and are able to provide you market leading exchange rates. As you would expect from a currency specialist our service standards and expertise are second to none and we are a registered FSCA (Financial Sector Conduct Authority) company.
• Out team of experts is multi lingual, fluent in English, German and Afrikaans, and well versed in both local and international banking procedures.
• Whether you are looking to effect a once of transfer, establish a re-occurring arrangement or are a company with a need to access excellent forex services for transferring South African Rand to Euro, contact Incompass Forex and see what a difference we can make.

Ring us now on + 27 (0) 21 424296 during office hours or request call back here.

Are you seeking to transfer South African rand to Canadian Dollars?

Incompass Forex is assisting more and more clients with transferring South African Rand to Canadian Dollars. Canada has become the emigration destination of choice for much of the world and South Africans seeking pastures new are also targeting Canada. Trade between the two countries is also on the increase as we share a common ground within the natural resource sectors and closer ties due to the immigration trend.

Get the best rate for your transfer from South African Rand to Canadian Dollars

Call us on + 27 (0) 21 424 2936 for:

• Market leading rates.
• No service fees.
• Free tax clearance and reserve bank approval.

Considerations

When transferring South African Rand to Canadian Dollars there are a number of considerations that can have a profound effect on the amount of Canadian dollars you end up with:

• Fees – these can be incurred as administration fees, obtaining correct clearances and as non de script service fees.
• The exchange rate – a small difference in the exchange rate can have a detrimental effect on the amount of Canadian Dollars received for your rand.
• Advice levels – which allowance is best to transfer your South African Rand to Canadian Dollars and who can advice on understanding the repercussions of using your emigrants allowance. For corporates forwarding may also need to be considered.

Incompass Forex offers it’s clients:

• Expert knowledge.
• No administration fees.
• Market leading exchange rates.

For your transfer of South African Rand to Canadian Dollars ring us now on + 27 (0) 21 4242936 during office hours or request call back here.

Are you seeking to transfer South African rand to British pounds?

South African Rand to British Pounds is one the largest areas of Incompass Forex’s business. By far the largest immigrant group, and historically an emigrant destination, there is large amount of transactions for both personal and companies on a daily basis.

Get the best rate for your transfer from South African Rand to British Pounds

Call us on + 27 (0) 21 424 2936 for:

• Market leading rates.
• No service fees.
• Free tax clearance and reserve bank approval.

A real alternative to your Bank

When transferring South African Rand to British Pounds the banks have long occupied the most obvious ‘spot’ for effecting the transfer. The advent of specialist currency companies, such as Incompass Forex, has seen a shift in this tendency as clients seek:

• A more discerning a personalised service offering.
• Better value for money with no administration fees.
• More attractive exchange rates.
• Easier access to expert knowledge.

Incompass Forex not only provides you with excellent service and the best rates but also assists with all aspects of exchange control including obtaining your tax clearance certificate. If you have a need, either once off, or on a regular basis to transfer South African Rand to British Pounds contact Incompass Forex today.

Ring us now on + 27 (0) 21 424 2460 during office hours or request call back here.

Are you seeking to transfer South African rand to Australian Dollars?

With close business ties and more people moving to Australia there is an increasing need to transfer South African Rand to Australian Dollars.

Get the best rate for your transfer from South African Rand to Australian Dollars

Call us on + 27 (0) 21 424 2936 for:

• Market leading rates.
• No service fees.
• Free tax clearance and reserve bank approval.

Considerations

When transferring South African Rand to Australian Dollars as an individual there are a number of considerations:

• The purpose of the transfer – there are various allowances that could be utilised such as the annual foreign investment allowance, or the annual discretionary allowances.
• Emigrants need to carefully review the size of their assets as well as understand the repercussions of officially emigrating.
• Obtaining the appropriate clearances can be time consuming, frustrating and expensive.
• Rates and administration fees differ greatly when transferring South African Rand to Australian Dollars and by selecting your currency provider carefully you can end up with a lot more Australian dollars in your bank account.

Incompass Forex provides its clients with:

• Expert knowledge.
• No administration fees.
• Market leading exchange rates.

Contact Incompass

For your transfer of South African Rand to Australian Dollars Ring us now on + 27 (0) 21 4242460 during office hours or request call back here.

Whether you are transferring money in or money out of South Africa as an individual or business you can expect the below as a given:

• NO administration fees.
• The VERY BEST exchange rates.
• ALL exchange control clearances
• FREE obtaining of required tax clearances.
• EXPERT advice and guidance.
• DISCERNING service.
• SAFE AND SECURE trading.
• FULLY SARS and exchange control compliant.
• CORRECT declaration of funds.
• BANK ACCOUNTS – set up in South Africa and overseas for larger sums.

Our South African Money Transfer Services

All of our transactions are processed through local banks, that are approved authorised dealers by the South African Reserve Bank. In addition we are an FSCA (Financial Sector Conduct Authority) registered company holding all appropriate licences. Our money transfers, in and out of South Africa, are done in strict accordance with money laundering regulations and exchange control regulations and all our transactions are audited in terms of our licence and banking requirements.

We distinguish ourselves from banks by offering better service, better exchange rates and no fees. We further distinguish ourselves from other currency companies due to our expert knowledge of the South African Exchange Control regulations.

We Can Help

• Companies with requirements for transferring funds in or out of South Africa
• Transferring money into South Africa
• Transferring money out of South Africa
• Individuals utilising their investment allowance
• Discretionary allowance
• Money transfers for property purchase
• Immigrants to South Africa
• Temporary residents in South Africa to transfer capital in or out

Contact Incompass

Our registration process is simple and free of charge. It gives you access to currency rates and our expertise. We save you time, money and eliminate mistakes.

To find out more call us on any of the numbers below or send us an e-mail.

Ph: Cape Town +27 (0) 21 424 2936
Ph: Johannesburg +27 (0) 11 234 4275