Our services include

Discretionary allowance transfers up to R1 million*

Investment allowance transfers up to R10 million**

Import and export payments for businesses

Money transfers into South Africa

Tax emigration and encashment of retirement annuities and pensions

Tax clearance applications

Inheritance and trust transfers to offshore beneficiaries

Trade finance, currency risk management and hedging strategies

Trade finance

Non-resident accounts


* Including foreign investment, gifts, travel, alimony and student fees
** And larger amounts on special application

 

Read more about transferring money out of South Africa

Taking money out of South Africa can be complex; working with exchange control regulations and knowing how much money you can transfer out of South Africa requires expert knowledge and understanding. We have years of industry experience, so we know how to make the process of transferring money internationally as convenient and cost-effective as possible.

Personal and corporate South African money transfers

Our corporate forex clients include companies that import and export, and incur cross-border payments or receipts. We assist with both spot payments and forward contract facilities, foreign direct investment applications, and other South African Reserve Bank applications. Our services are used by businesses looking to maximise outcomes in the shortest time possible.

Typically, clients making personal money transfers include individuals investing overseas, transferring inheritances, emigrating or making use of their discretionary allowances. We also help foreign nationals who are purchasing property, settling debts or transferring money home for investment purposes. Our service is highly professional, but with a personal focus. We like to understand our clients' needs and deliver our services in a way that suits them best.

Why our clients love our forex service

Great rates

We transfer your money at excellent rates. All of our fees are disclosed up front, so you never have to worry about unexpected costs.

 

Fully regulated

We are fully compliant with the South African Reserve Bank, Financial Services Conduct Authority and South African Revenue Services.

 

No obligation consultations

We offer all prospective clients complimentary no obligation consultations on their personal or business forex needs.

 

Expert advice

We always provide a personalised service and all our solutions are tailored to our clients’ needs.

 

 

Our South African forex team

  • James Edward: Director
    James Edward
    Director: Forex
  • Tim Powell: Director
    Tim Powell
    Director: Forex
  • Shawn Maidwell: Operations Manager
    Shawn Maidwell
    Operations Manager
  • rochelle_frayster
    Rochelle Frayster
    Forex Broker
  • Juanita Dunn
    Juanita Dunn
    Client Relations - Registrations
  • Meagan Adams
    Meagan Adams
    Client Relations - Policy Encashment
  • Charlene Windvogel
    Charlene Windvogel
    Forex Broker
  • Gary Davies
    Gary Davies
    Business Development Executive
  • Teri-Anne Hermans
    Teri-Anne Hermans
    Client Relations - Registrations
  • Charmaine Thompson
    Charmaine Thomson
    Forex Broker
  • Lynn Ӧz
    Lynn Ӧz
    Forex Broker
  • Anita Huyser
    Anita Huyser
    Business Development Executive
  • Brenda Simpkins
    Brenda Simpkins
    Forex Broker
  • Raadhiya Moos - Forex Broker
    Raadhiya Moos
    Forex Broker
  • Colleen de vries
    Colleen De Vries
    Client Relations – Estates
  • Ronel Dhrumaraj_bw
    Ronel Dhrumaraj
    Forex Administrator
  • James Edward
    Director: Forex

    James has 35 years of banking experience, 15 of these intimately involved in international trade finance, including eight years as head of Capital Equipment Imports and Trade Finance, Nedbank Corporate (previously BoE Corporate Bank).

    He previously headed up the Durban office of Reichmann’s Trade Finance, part of Investec Bank. James has a BComm degree majoring in Economics and Business Finance, a Banker’s Diploma and has completed an Advanced International Finance course at the University of Cape Town. In his spare time, James enjoys surfing and has a very active family that love the outdoors.

  • Tim Powell
    Director: Forex

    Tim has 25 years of work experience, including at the likes of Price Waterhouse Coopers, Combined Motor Holdings, BoE, Ernst & Young, JD Edwards in South Africa, Deutsche Bank and 1st Contact Forex in London.

    He started an online forex business in London before returning to South Africa. He then joined FX Capital, growing the business to annual trade in excess of R4 billion per annum.

    In 2017, FX Capital merged with Sable International and Tim is now the director of Sable International’s South African forex business.

    On weekends, Tim enjoys climbing mountains with his wife and two sons.

  • Shawn Maidwell
    Operations Manager

    Shawn hails from windy Fish Hoek, Cape Town. After qualifying with a BComm in Marketing and Economics from Unisa, he spent seven years in sunny Scotland before returning to South Africa to begin working with FX Capital.

    He joined Sable International in November 2017 as part of a merger with FX Capital. Shawn has over four years’ experience in foreign exchange, exchange control and cross-border payments. He is currently the Operations Manager for our South Africa forex division and deals mainly with private clients, corporates, estates and transfers into South Africa.

    He enjoys playing sport, hiking and spending time with friends.

  • Rochelle Frayster
    Forex Broker

    Rochelle has 12 years’ experience within the corporate finance and forex banking industry. Rochelle’s experience includes the challenge of being the Regional Branch Manager of a Bureau de Change. She currently manages corporate and private client portfolios at the Durban office.

    Rochelle buys and sells foreign currency online and deals directly with our preferred banks. She maintains overall branch requirements and loves working with her team. She has a passion for foreign exchange and customer service and outside of work she enjoys reading and spending quality time with her family.

  • Juanita Dunn
    Client Relations - Registrations

    Juanita was born and raised in Cape Town. She attended Milpark Business School where she obtained her certificate in banking.

    She has 12 years’ experience in the banking industry and has worked for Absa and FNB.

    At Sable International, Juanita assists clients with the opening of accounts.

    She enjoys taking long walks with her dog and child as well as reading magazines.

  • Meagan Adams
    Client Relations - Policy Encashment

    Meagan has a national certificate in banking with Cornerstone and completed her First Level Regulatory Exam (RE05) with Moonstone.

    She has previously worked for Standard Bank, where she gained 14 years’ experience working in various roles within the branch banking network. 

    Meagan enjoys attending music festivals and markets.

  • Charlene Windvogel
    Forex Broker

    Charlene has 23 years’ experience in the banking industry and has spent the last 12 years working in corporate and investment banking.

    She joined Sable International in 2018 and is currently employed as a Forex Broker, managing corporate and private client portfolios at the Cape Town office.

    Charlene enjoys spending time with her family and being outdoors.

  • Gary Davies
    Business Development Executive

    Gary was born and raised in Johannesburg and has also lived in Somerset West in Cape Town and Los Angeles in the USA. He has 23 years’ work experience within local and international banks focussing on international corporate and individual banking and investment platforms.

    Outside of work, Gary enjoys cycling and has successfully completed twelve 947 Cycle Challenges and eight Cape Town Cycle Tours in support of The Reach for a Dream Foundation. When not cycling, he takes educational outdoor trips with his two children and three foster children.

  • Teri-Anne Hermans
    Client Relations - Registrations

    Teri-Anne has 13 years’ working experience, which includes five years in the financial industry and nine years in immigration.

    She has previously worked for Absa and at an immigration firm where she held the position of senior consultant/key account manager for private and corporate clients.

    In her current role, she is responsible for registering clients who want to send money out of South Africa.

    Teri-Anne enjoys spending time with her husband and two children, watching movies and eating good food.

  • Charmaine Thomson
    Forex Broker

    Charmaine has 20 years’ banking experience, where she specialised in foreign exchange, international banking and trade finance. She is currently employed as a Forex Broker, and she manages the forex requirements of a portfolio of corporate clients, private individuals and brokers.

    Charmaine has a National Diploma NQF6 in Financial Markets and Instruments (Academy of Financial Markets), a Diploma in Treasury Management and Trade Finance (Institute of Bankers), and a Certificate in Marketing (RAU University).

    She enjoys spending time with her family and friends and travelling. She also plays social golf and enjoys swimming the Midmar Mile with her husband and teenage daughter.

  • Lynn Ӧz
    Forex Broker

    Lynn was born and bred in George along the beautiful Garden Route. She has travelled extensively and has lived in Israel, the United Kingdom and Turkey. After she obtained a Certificate in Banking with Milpark Business School, she gained 18 years of banking experience at FNB George, Knysna and Tokai.

    Lynn loves travelling, hiking, going to the gym and spending time with her family, especially her grown-up son. She joined Sable International from FX Capital as part of the merger between the two companies. She is currently employed as a Forex Broker, where she deals with both corporate and private clients.

  • Anita Huyser
    Business Development Executive

    Anita has a BComm degree and over 20 years work experience, 14 years of which she spent in the finance industry and eight years in foreign exchange, exchange control and cross-border payments. She has worked and travelled throughout Europe.

    Anita successfully summited Mt Kilimanjaro and completed her first Cape Town Argus Cycle Tour in 2014.

  • Brenda Simpkins
    Forex Broker

    Brenda has been a Forex Consultant in the Durban Office since March 2016. She has 25 years’ experience in project management and business management, in the event organising and office design industries. She completed her Bachelor of Social Science in Economics and Industrial Psychology at UKZN.

    She specifically deals with the private individual clients and particularly enjoys the more challenging situations where the client is struggling to find a realistic solution to their offshore transfer requirements. Brenda also deals with inheritance payments, financial emigration and SARS tax clearances.

    Outside of work she enjoys spending time with her three children.

  • Raadhiya Moos
    Forex Broker

    Raadhiya was born and raised in Johannesburg and moved to Cape Town in 2014.

    She has been working in the banking (forex) sector for over nine years and has a wealth of experience.

    Raadhiya Joined the Sable International forex team in 2020, taking a position as a forex broker.

    In her personal time, she loves being at the beach and spending time with friends and family.

  • Colleen De Vries
    Client Relations – Estates

    Colleen was employed as an office manager within the building/insurance industry for over 17 years. 

    She began her Sable International tenure as part of the South African Forex division and now specialises in deceased estates. 

    She enjoys spending time with family and friends.

     

  • Ronel Dhrumaraj
    Forex Administrator

    Prior to starting at Sable International, Ronel had eight years of banking experience in foreign exchange and customer service. She holds an NQF level 5 and a national diploma in accounting.

    She is an animal lover who enjoys listening to music and watching extreme sports. She spends her free time with family and friends. 

 

See live exchange rates

We offer excellent, bank-beating exchange rates, which mean significant savings for you.Below is a table of live market exchange rates. These are interbank rates, which are the rates at which banks exchange with each other.

Bank-beating exchange rates and low fees

With us, you’re guaranteed to get better exchange rates and exceptional service that is better than a South African bank. Our service is tailored specifically to your needs and personal circumstances, unlike the banks.

Because of the complex legislation and intimidating Reserve Bank regulations, South Africans often look to traditional banks to help them with forex. The problem is that traditional banks charge unnecessary fees and don’t offer the best exchange rates either.

Get in touch

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Compliance and regulations


Our forex service is registered with all of the relevant authorities globally. Sable International is a trading name of Sable International FX Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (Sable International FX [PTY] Limited - FSP no. 41900) and hold an Australian Financial Services License issued by ASIC to deal in foreign exchange (Sable International FX Pty ltd - AFS License number 335 126). We are registered as a Money Services Business with FinCEN in the USA (1st Contact Money Ltd/1st Contact Money Ltd - registration no. 31000174356061). Visit our compliance page.