Individual FX Desk

Seamless & hassle-free FX solutions for individuals.

ELA Asset Management helps individuals navigate constantly changing global markets.

We assist individuals with a range of foreign exchange requirements including the transfer of funds in and out of South Africa via a range of specialised services and solutions. We’ll take the difficulty out of the administrative and compliance requirements put forward by the South African Reserve Bank when processing transactions. ELA’s foreign exchange team is dedicated to providing you with the right solutions to manage your cross-border transactions and foreign exchange. You can rest assured that our highly competitive exchange rates will ensure your money goes further. You’ll also benefit from our strong local and global networks, solid industry reputation, and extensive market knowledge. 

WE ASSIST INDIVIDUALS WITH THE FOLLOWING SUITE OF INDIVIDUAL FX SERVICES:

Annual Individual Discretionary Allowance of up to R1 million per calendar year

Exchange control regulations allow you to move R1M per tax paying adult out of South Africa each year as part of your Discretionary Allowance.

Annual Individual Foreign Investment allowance of up to R10 million per calendar year

We will assist you with the required tax clearance certificates that are required to execute your instruction for foreign investment.

Emigration Allowances

The current emigration allowance allows for R20 million per family. We can assist and advise on all requirements for foreign exchange to complete your emigration.

Non Resident Transfers

We can execute Foreign Exchange transactions for non SA residents.

South African Reserve Bank Special Approval Applications

Should your transaction needs fall outside of the maximum allowances, we can assist you with submitting a special approval from the South African Reserve Bank.

Find out more about our FX services for individuals.

Get in touch to speak to one of our dedicated advisors.

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