Tag: foreign currency

Established two years ago to represent the interests of Internet of Things (IoT) technology service providers in South Africa, we are advocating for faster uptake of IoT technology by business and government in small, focused use cases.

Unpacking the enigma around offshore starts with one simple certainty; nothing in the South African Income Tax or Reserve Bank regulations prohibits South Africans from opening a bank account, investment account or setting up an offshore trust.

Opportunity beckons in Africa as markets mature, incomes grow and trust in financial services increases. This is driving the need for bespoke wealth management and banking solutions which can be delivered seamlessly in any country, across the continent and offshore.

It is common for travellers to buy foreign currency from an Authorised Dealer (AD), such as a bank or authorised dealer in foreign exchange,...

Over the last eight years, travel and tourism has grown by 17.3% in the top ten fastest-growing global destinations. This rate speaks to the rapid growth of tourism and how the industry, and an increasing priority for countries seeking for new growth opportunities. In emerging markets tourism grew from 30% in 1980 to 45% in 2015 and is expected to reach 57% by 2030.

South Africans tend to flock offshore in response to rand weakness or negative news headlines. This is counterintuitive, costly and can destroy value. The decision to...

The 2017 draft Taxation Laws Amendment Bill and draft Tax Administration Laws Amendment Bill were released for comment on 19 July 2017.

The euphoria of the ‘Africa rising’ narrative may have faded after slowed economic growth across the continent over the past few years, but there...