Exchange controls in setting up contracts affecting UK exporters/investors in South Africa
Trade barrier summary
In South Africa, sales have to be received and held in Rands, before converting this into foreign currency which may result in additional transaction fees, estimated at some 1-5% on all transactions, and delays of up to 10 days.
Sectors affected
- All sectors
Resolved
No
Date reported
25 September 2020
Last updated
18 December 2020
Public ID
PID-BQ6A5B
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