South Africa
Banking in South Africa
South Africa Business Experts
South Africa related forum posts
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Selling my Franchise
Hi My husband and I have franchised our travel business. How easy or difficult would it be to sell our UK franchise to South Africans? Is it very complicated in relation to the authorities? We will continue to live in the UK but are prepared to travel to South Africa whenever required. We are also hoping to communicate via the internet to keep in touc
Total Posts: 8 Last post by ElizaSmith
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I need loan to expand my existing business in South Africa
Hi Guys,I am looking to secure funding for my existing South African venture. Which is very successful and has huge potential to grow in to one of the prominent IT Distributon company for Southern Africa region. Please get in touch if you want to invest or fund in intrest.Thanks Samir Doshi
Total Posts: 2 Last post by sandownpark
Banking in South Africa
Setting up a bank account in person in South Africa is relatively easy - you will need to show proof of identity and proof of your address in South Africa. It would be wise to check out bank websites before you open an account to find information on services and fees (as some banks can charge quite high fees).
If you want to open an account before leaving the UK you will probably need more documentation. You could also see if your bank in the UK has an agreement with banks in South Africa - they can help you to open an account with a bank before you leave - although they may charge you a fee.
You can obtain cash through ATMs throughout South Africa, but be aware that they can sometimes run out of money - so be prepared. Daily withdrawals are usually limited to around R2000.
There are many major banks in South Africa. Here are just some of them:
- ABN AMRO Bank
- African Bank
- Barclays of South Africa
- Citibank South Africa
- First National Bank
- First Rand Bank
- Imperial Bank
- Investec Bank
- MEEG Bank
- Mercantile Bank
- Ned Bank
- Peoples Bank
- Sasfin Bank
- Standard Bank of South Africa
- WesBank
Organisations that can assist with Banking
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> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
