Importers of products into South Africa are governed by the Exchange control regulations of the South Africa Reserve Bank. Under certain circumstances, importers may import products into South Africa without holding an importers license which are up to certain maximums. You are entitled to import up to 3 shipments of...

CFC Accounts or “Customer Foreign Currency” accounts are selected currency denominated accounts used by exporters and importers to hold foreign currency for payment of Goods or receipt of funds for products supplied or services rendered. CFC accounts are not intended for long term holding of funds and although the SA...

Every business that is exposed to fluctuations in the currency markets be it for product/service purchases or payments being received in foreign currency will have experienced the difficulty of predicting the rates. Making use of a professional forex currency business services company or the forex business services unit of your...