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Transferring money to South Africa: Tougher than ever The World Bank estimates global remittances to have totalled US $550 billion in 2013, 75% of which was money sent to developing countries like... A money transfer to South Africa may seem simple enough, after all most people reading this article will never have come across the impact of exchange control regulations before. These can have a profound effect on your ability to effect a repatriation of your funds later on (transferring money back out of South Africa that you had previously transferred in).
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How to send money to South Africa. First, you have to fill in the amount of money you want to send to South Africa. Second, you need to register at Fonmoney.
- Send money to South Africa from New Zealand The rainbow nation sees a lot of immigrants coming from neighbouring countries to live and work in South Africa, while a lot of South Africans are living and working abroad themselves, whether in the United Kingdom, the US, or other english speaking countries.
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