Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

Public ID: PID-BQ6A5B

Exchange controls in setting up contracts affecting UK exporters/investors in South Africa

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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