Foreign Exchange

Let your money travel worldwide

We specialise in products and services for managing foreign currency exposures and hedging instruments in small to medium enterprise environments as well as to individuals.

Individual allowances

Transfer money from South Africa

R1 million per individual over the age of 18 years per calendar year (1 January to 31 December), without a tax clearance certificate from SARS required. This Discretionary Allowance can be used for any legal purpose abroad.
A taxpayer in good standing and over the age of 18 years, can invest up to R10 million in his/her name outside the Common Monetary Area (CMA-Lesotho, Swaziland, and Namibia), per calendar year. A Tax Clearance Certificate for foreign investments must be obtained.
Individual above the age of 18 years require a TAX compliance letter and special reserve bank authorisation.
Kudex assist individuals in the procedures obtaining tax clearance certificates free of charge, validating your status as a tax-payer for offshore investment purposes.
Services Available pertaining to the above allowances:

  • Offshore Investments
  • Disinvestments
  • Gifts
  • Property Proceeds
  • Travel Currency
  • Incoming Proceeds from Abroad

PS* Travelling abroad utilising currency or a credit card while abroad calculate toward the single discretionary allowance as set out above.

Company Transfers to & from SA

  • Kudex facilitate the process of incoming / receivable currency from abroad. We can assist with the exchange control regulation around these payments
  • Companies:
    1. Import Payments
    2. Export Payment Receipts and fund clearing
    3. South African Reserve Bank Applications
    4. Letter of Credit (LC)
    5. Bank Guarantees
    6. Exchange Control Services

Why Choose US

Best Market Rates

Flat Swift Fees

Streamlined Process

No Commissions

Foreign exchange & Financing solutions to help our clients grow.

Call Us Any Time: +27 12 010 0916 

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