In spite of South Africa relaxing its foreign exchange controls over the years, many individuals and investors still think forex and offshore investment are for the well-heeled. Join me Uncle Kevin and Kuda Kamushinda of Currencies Direct, as we unpack the foreign exchange regulations, the steps for opening a forex account, and investing offshore.

Jump around this video here:

0:00 Introduction

3:38 Introducing Currencies Direct

8:00 Better forex rates

12:06 Forex regulations for Individuals in South Africa

18:30 Forex regulations for non-residents in South Africa

22:42 Financial emigration

34:43 Scam alerts

42:40 Can an individual with foreign passport open a forex account

43:21 Do you need an income tax number to open a forex account

46:06 Can a company make a foreign investment

48:44 How do your forex rates and fees compare to banks?

50:03 Can you help me bring money into South Africa

54:45 Steps for opening a forex account

1:00:20 Offshore Investment

1:02:20 South Africa on FATF grey list?