International Money Transfers
THE SMARTER WAY TO MOVE MONEY
EXPATS
SENDING MONEY HOME
Discretionary Allowance
Individuals may move up to R1m per annum out of South Africa under current exchange control regulations, without the need for SARS Tax Clearance.
Foreign Investment Allowance
Individuals may invest up to R10m per annum into offshore accounts, property or other investments. This allowance requires SARS Tax Clearance. We offer assistance with obtaining the SARS clearance.
How Does It Work?
Our dealing room has booked thousands of trades. We are here to make international transfers easier - here is how it works
Preliminary
- Applicant completes secure online New Client form
- E-mail FICA documents to [email protected]
Preparation
- RandTangle verifies information
- RandTangle prepares documents for signature
- Required supporting documentation list sent to Applicant
- Send documents to applicant for electronic signature
Collection
- Applicant collects required supporting documentation
- Applicant signs necessary documents, if required, e.g. Tax Special Power of Attorney (POA) for tax clearance
- Documents sent to RandTangle
-
Approval
- RandTangle opens an account with our Authorised Dealer (Bank) in Applicant's name
- RandTangle sends confirmation of account opening to Applicant
- RandTangle arranges for tax clearance, if necessary
Funding
- Applicant arranges to fund account
- Applicant confirms beneficiary bank details and transfer details, e.g. currency
-
Transfer
- RandTangle contacts Applicant to confirm trade and executes transfer
- RandTangle sends trade confirmation to Applicant
- RandTangle completes cross-border reporting requirements
Ready to
SAVE MONEY
on International Money Transfers?
About Us
We are a partnership of experts in financial services, taxation, and foreign exchange.
RandTangle is a service offering of Currency Assist, a forex broker founded in 2011. RandTangle handles some of the more complex or administratively intense transfers, including financial emigration, estate payments and transfers requiring SARB approval.
Our mission is to offer a personal service that creates value for our clients. Our service is built on the foundational principles of transparency, simplicity, and client experience.
Paul
Paul runs our dealing room. Paul started his career in Marketing Management, but he quickly moved into financial management. He now has more than a decade of experience in the financial industry.
Sonja
With a career in forex and banking spanning almost three decades, Sonja is a key member of our dealing room.
Didi
A core addition to the team, Didi focusses on relationships and brings everything together to ensure an efficient service and happy clients.
Lisa
Lisa has spent some time on the trading desk at Currency Assist, but more recently her focus has shifted to onboarding, and the improvement and streamlining of processes.
Sumitha
Sumitha is our own tax guru. A qualified accountant and Master Tax Practitioner, with years of experience on both sides of the SARS table, Sumitha steers us clear of the many bureaucratic hurdles.
Ras
Ras brings a wealth of legal, brokering and forex experience to RandTangle. His vision, relationships in the finance world, and business insight further strengthen the quality of service to our clients.
Hugo
Hugo van Zyl is a leading expert in the area of cross-border taxation, financial emigration & related tax matters. Hugo is internationally known as @wegkaner, taking special care of Expats residing outside South Africa, or planning to relocate out of South Africa.
Jacques
Jacques joined Currency Assist four years ago after spending two decades with an international charitable trust. Being the executive director & serving on the International board of the trust exposed him to the world of fundraising, finance & negotiation.