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:
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?