As a South African citizen living in South Africa, how much money can I send out of South Africa each year?

Each calendar year, a tax payer in good standing can take money out of South Africa under the following allowances:

  • R1 million single discretionary allowance
  • R10 million foreign investment allowance

It is possible to invest more than R10 million per calendar year subject to South African Reserve Bank approval which Charter Forex can assist you to obtain.

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