IMPORT PAYMENT
We are able to provide a comprehensive solution to Importers who, through SA-FX Trading, are able to enter into the following:
SPOT CONTRACTS
This would be the perfect method of payment for a client who would require an urgent payment. Spot Payments generally have a two-day value.
FORWARD EXCHANGE CONTRACTS
This method of transacting offers clients the opportunity to transact at a future date based on a price that is agreed in the present. The use of this method allows clients to lock in the exchange rate for a payment that will be made at a future date.
MARKET ORDERS
In the event that a client has a target rate for a specific transaction, SA-FX Trading has the ability to capture the instruction and will automatically execute should the target price be reached.
SINGLE DISCRETIONARY ALLOWANCE (SDA) TRANSFER
South Africans are allowed to transfer out of South Africa R1,000,000.00 annually as part of their SDA.
SAME DAY VALUE
SA-FX Trading can assist clients requiring outward payments that leave South Africa and arrives in the beneficiary’s account the same day.
TRAVEL CURRENCY
Through our affiliation with a Third Party, we are able to arrange the Comprehensive Foreign Exchange. The offering includes foreign exchange cash and travel cards.
FOREIGN INVESTMENT ALLOWANCE (FIA)
South Africans are allowed to transfer R10,000,000 out of South Africa annually, however, a Tax Clearance for the Foreign Investment Allowance is a requirement.
LAND ARRANGEMENT PAYMENTS
Clients operating in the tourism sector we are able to facilitate the payments to the overseas hotels or tour operators.
EMIGRATION
For South Africans that are emigrating we are able to assist with the Outward Transfer of funds.
PROPERTY PURCHASES OR SALES
At SA-FX Trading we have agreements in place to open up accounts for South African residents who have sold a property overseas and would like to have the finds repatriated. We can also facilitate payments for property purchased overseas.
OFFSHORE ACCOUNT
Through our relationships with offshore banks, we can assist clients that are looking to open currency accounts.
GIFTS
We are able to assist South Africans that would like to send a gift to someone outside of South Africa.
