Offshore Allowance South Africa Doubles to R2m: What It Means for You
South Africa’s offshore allowance South Africa limit is set to double for the first time in over a decade, marking a significant shift in exchange control policy. The amount South Africans can send offshore without SARS clearance hasn’t budged since 2011. That’s about to change. On 25 February, Finance Minister Enoch Godongwana announced that the Single…