{"id":735665,"date":"2023-12-04T07:12:08","date_gmt":"2023-12-04T05:12:08","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=735665"},"modified":"2023-12-04T07:12:14","modified_gmt":"2023-12-04T05:12:14","slug":"only-one-month-left-to-move-your-money-out-of-south-africa-using-your-sda","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/735665\/only-one-month-left-to-move-your-money-out-of-south-africa-using-your-sda\/","title":{"rendered":"Only one month left to move your money out of South Africa using your SDA"},"content":{"rendered":"\n<p>With only one month remaining in 2023, time is running out for South Africans to use their annual Single Discretionary Allowance.<\/p>\n\n\n\n<p>A Single Discretionary Allowance (SDA) allows South Africans to transfer R1 million offshore each year. <\/p>\n\n\n\n<p>The allowance is often used for investment purposes &#8211; such as buying US dollars or shares in US stock markets &#8211; to protect against rand weakness and South Africa&#8217;s stagnant economy.<\/p>\n\n\n\n<p>It is important to note that your annual SDA is allocated per calendar year &#8211; which means if you do not use it before the end of 2023, your allowance for this year falls away.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Transfer money quickly and securely with Rand Swiss<\/h2>\n\n\n\n<p>For individuals and businesses who need money transferred out of South Africa quickly and securely, Rand Swiss will take care of the entire process \u2013 from start to finish.<\/p>\n\n\n\n<p>Rand Swiss offers foreign exchange and cross-border transfer solutions to suit a variety of needs, such as if you are investing in an international stock market or business, emigrating, selling a property abroad, or donating funds to a friend or family member overseas.<\/p>\n\n\n\n<p>Rand Swiss offers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Highly-competitive exchange rates.<\/li>\n\n\n\n<li>Access to over 60 countries and 25 currencies.<\/li>\n\n\n\n<li>Fast transfer times.<\/li>\n\n\n\n<li>Expert support and exchange control guidance.<\/li>\n\n\n\n<li>Highly-secure transactions approved by the SARB.<\/li>\n<\/ul>\n\n\n\n<p>To find out more from Rand Swiss, complete the form below.<\/p>\n\n\n\n<p><iframe loading=\"lazy\" style=\"width: 100%; margin-top: 20px;\" src=\"https:\/\/leads.mybroadband.co.za\/rand-swiss-forex\/\" width=\"100%\" height=\"500px\" frameborder=\"0\" scrolling=\"no\">&lt;span data-mce-type=&#8221;bookmark&#8221; style=&#8221;display: inline-block; width: 0px; overflow: hidden; line-height: 0;&#8221; class=&#8221;mce_SELRES_start&#8221;>&lt;\/span>&lt;span data-mce-type=&#8221;bookmark&#8221; style=&#8221;display: inline-block; width: 0px; overflow: hidden; line-height: 0;&#8221; class=&#8221;mce_SELRES_start&#8221;>&lt;\/span>&lt;span data-mce-type=&#8221;bookmark&#8221; style=&#8221;display: inline-block; width: 0px; overflow: hidden; line-height: 0;&#8221; class=&#8221;mce_SELRES_start&#8221;>&lt;\/span>&lt;span data-mce-type=&#8221;bookmark&#8221; style=&#8221;display: inline-block; width: 0px; overflow: hidden; line-height: 0;&#8221; class=&#8221;mce_SELRES_start&#8221;>&lt;\/span><\/iframe><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About Rand Swiss<\/h3>\n\n\n\n<p>Rand Swiss is an authorised Financial Services Provider &#8211; regulated by the FSCA and SARB-approved &#8211; that provides a range of investment, wealth, and advisory solutions.<\/p>\n\n\n\n<p>Its dedication to the highest levels of service has resulted in a long list of awards, which includes winning the Top Securities Broker for South Africa accolade from Intellidex.<\/p>\n\n\n\n<p>The Rand Swiss head office is based in the JSE Building, in Sandton, Gauteng.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With only one month remaining in 2023, time is running out for South Africans to use their annual Single Discretionary Allowance.<\/p>\n","protected":false},"author":57,"featured_media":707198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[7191,17859],"class_list":["post-735665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-forex","tag-rand-swiss"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/735665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=735665"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/735665\/revisions"}],"predecessor-version":[{"id":735689,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/735665\/revisions\/735689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/707198"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=735665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=735665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=735665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}