Open A Business Account in South Africa
For international companies trading with South Africa that need control over payments, FX, and trapped funds
Overview
If your company trades with South Africa but lacks appropriate local banking and regulatory infrastructure, you are likely experiencing delays, restrictions, and unnecessary risk.
Many international companies operating in South Africa face the same issues:
Challenge 1: Trapped funds
Funds often accumulate in South Africa due to FX limits, approval delays, or lack of access to USD. Delays are often caused by exchange control approvals, incomplete KYC files, or the account being classified as non-resident under SARB rules.
Challenge 2: Currency devaluation risk
Holding ZAR balances exposes companies to depreciation, especially during periods of volatility, causing potential losses while funds remain trapped and inactive.
Challenge 3: Outbound payment limits
Many companies face caps on how much can be sent offshore, creating cash flow issues, uncertainty, and time spent managing workarounds.
Challenge 4: Operational delays
Without a South African account, even simple settlements can take weeks, often resulting in delays, strained relationships with suppliers and customers, and operational disruption.
Who this solution is designed for
It is designed for established, mid-sized to large international companies with customers or suppliers in South Africa that generate large Rand inflows (typically $500k+ equivalent per month) and face challenges repatriating funds. It is built for businesses seeking a secure, compliant, and cost-effective way to convert currency in South Africa and move funds internationally.
International operating companies
Holding companies and group structures
Investment funds and asset managers
Family offices
Multinational trading and services businesses
Corporates with South African subsidiaries or counterparties
This is not a retail or SME banking product.
