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Individuals FX
There are 2 allowances available to SA residents
Single Discretionary Allowance (SDA)-
- R1 million per year, over the age of 18.
- Valid 1 January to 31 December annually
Foreign Investment Allowance (FIA)-
- R10 million per year
- SARS clearance certificate required (FXOne can assist)
Corporate FX
Importers
- Payment of invoices for goods, services
- Risk mitigation advice, if required
Exporters
- Receipt of incoming funds for provision of services or goods
- Risk mitigation advice, if required
Risk management & advisory services
- FXOne consult on a broad range of financial management issues.
- Customised building of a risk management policy, which can relate to cash management, deposits or foreign exchange
- A gap analysis walk through is conducted to determine where risk areas exist
- Recommendations made for business and financial process improvement
Cash deposits
- Through the relationship with several SA banks, FXOne are able to compete with interest rates paid for cash deposits.
- Instant access to funds
- Funds always remain in the name of the client
- For a competitive quote enquiry below