Our services include

Discretionary allowance transfers up to R1 million*

Investment allowance transfers up to R10 million**

Import and export payments for businesses

Money transfers into South Africa

Tax emigration and encashment of retirement annuities and pensions

AIT applications (tax clearances)

Inheritance and trust transfers to offshore beneficiaries

Trade finance, currency risk management and hedging strategies

Trade finance

Non-resident accounts


* Including foreign investment, gifts, travel, alimony and student fees
** And larger amounts on special application

 

Read more about transferring money out of South Africa

Taking money out of South Africa can be complex; working with exchange control regulations and knowing how much money you can transfer out of South Africa requires expert knowledge and understanding. We have years of industry experience, so we know how to make the process of transferring money internationally as convenient and cost-effective as possible.

Personal and corporate South African money transfers

Our corporate forex clients include companies that import and export, and incur cross-border payments or receipts. We assist with both spot payments and forward contract facilities, foreign direct investment applications, and other South African Reserve Bank applications. Our services are used by businesses looking to maximise outcomes in the shortest time possible.

Typically, clients making personal money transfers include individuals investing overseas, transferring inheritances, emigrating or making use of their discretionary allowances. We also help foreign nationals who are purchasing property, settling debts or transferring money home for investment purposes. Our service is highly professional, but with a personal focus. We like to understand our clients' needs and deliver our services in a way that suits them best.

Why our clients love our forex service

Great rates

We transfer your money at competitive rates. All of our fees are disclosed up front, so you never have to worry about unexpected costs.

 

Fully regulated

We are regulated in South Africa with the South African Reserve Bank, the South African Financial Services Conduct Authority and South African Revenue Services.

 

No obligation consultations

We offer all prospective clients complimentary no obligation consultations on their personal or business forex needs.

 

Expert guidance

We always provide a personalised service and all our solutions are tailored to our clients’ needs.

 

 

Our South African forex team

  • Tim Powell: Director
    Tim Powell
    Director: Forex SA
  • Graham Barratt
    Head of Sales Director: Forex
  • Charlene Windvogel
    Charlene Windvogel
    Forex Broker
  • Gary Davies
    Gary Davies
    Business Development Executive
  • Teri-Anne Hermans
    Teri-Anne Hermans
    Forex Broker
  • Charmaine Thompson
    Charmaine Thomson
    Forex Broker
  • Kayla Julie
    Kayla Julie
    Client Relations Consultant
  • Lynn Ӧz
    Lynn Creighton
    Client Relations – Policy Encashment
  • Anita Huyser
    Anita Huyser
    Business Development Executive
  • Brenda Simpkins
    Brenda Simpkins
    Forex Broker
  • Colleen de vries
    Colleen De Vries
    Client Relations - Estates
  • Divania Govender
    Forex Administrator
  • Micaela Pillay
    Forex Administrator
  • Laurinda Fortuin
    Forex Administrator
  • Clarissa Naidoo
    Forex Broker
  • Caylin Swarts
    Forex Administrator
  • Mishka Mc Leen
    Client Relations Consultant
  • Lawren Hartogh
    Client Relations Consultant
  • Shawn Maidwell: Operations Manager
    Shawn Maidwell
    Operations Manager: Forex SA
  • James Edward: Director
    James Edward
    Business Director: Forex SA
  • Tim Powell
    Director: Forex SA

    Tim has 25 years of work experience, including at the likes of Price Waterhouse Coopers, Combined Motor Holdings, BoE, Ernst & Young, JD Edwards in South Africa, Deutsche Bank and 1st Contact Forex in London.

    He started an online forex business in London before returning to South Africa. He then joined FX Capital, growing the business to annual trade in excess of R4 billion per annum.

    In 2017, FX Capital merged with Sable International and Tim is now the director of Sable International’s South African forex business.

    On weekends, Tim enjoys climbing mountains with his wife and two sons.

  • Graham Barratt
    Head of Sales Director: Forex

    Graham was born and bred in the Mother City. 

    With a background in education (PGCE, UCT), financial planning (Liberty Life) and experience as a currency trader, Graham has over 15 years sales experience in financial services. 

    He spent the last 12 years leading a global forex business in SA and joins Sable International's South African Forex Team as Head of Sales Director to further grow and develop the SA team. 

    Graham is happiest when outdoors, surrounded by family and friends. He endeavors to live in the present as far as possible… #living

  • Charlene Windvogel
    Forex Broker

    Charlene has 23 years’ experience in the banking industry and has spent the last 12 years working in corporate and investment banking.

    She joined Sable International in 2018 and is currently employed as a Forex Broker, managing corporate and private client portfolios at the Cape Town office.

    Charlene enjoys spending time with her family and being outdoors.

  • Gary Davies
    Business Development Executive

    Gary was born and raised in Johannesburg and has also lived in Somerset West in Cape Town and Los Angeles in the USA. He has 23 years’ work experience within local and international banks focussing on international corporate and individual banking and investment platforms.

    Outside of work, Gary enjoys cycling and has successfully completed twelve 947 Cycle Challenges and eight Cape Town Cycle Tours in support of The Reach for a Dream Foundation. When not cycling, he takes educational outdoor trips with his two children and three foster children.

  • Teri-Anne Hermans
    Forex Broker

    Teri-Anne has 18 years of work experience.

    She has previously worked at ABSA and at an immigration firm where she held the position of Key Account manager for private and corporate clients and ran the operations for the Namibian branch.

    Before moving into the Forex broker role, she was a client relations consultant in the same forex team.

    Teri-Anne enjoys spending quality time with her husband and two children. 

  • Charmaine Thomson
    Forex Broker

    Charmaine has 20 years’ banking experience, where she specialised in foreign exchange, international banking and trade finance. She is currently employed as a Forex Broker, and she manages the forex requirements of a portfolio of corporate clients, private individuals and brokers.

    Charmaine has a National Diploma NQF6 in Financial Markets and Instruments (Academy of Financial Markets), a Diploma in Treasury Management and Trade Finance (Institute of Bankers), and a Certificate in Marketing (RAU University).

    She enjoys spending time with her family and friends and travelling. She also plays social golf and enjoys swimming the Midmar Mile with her husband and teenage daughter.

  • Kayla Julie
    Client Relations Consultant

    Kayla was born and raised in Cape Town. She attended Damelin College where she obtained her diploma in business management. She is currently in her final year, studying BCom at UNISA.

    She has previously worked as an investment reporting administrator. She joined Sable international in 2021 as a Forex Administrator, and is now a Client Relations Consultant, where she assists with opening and monitoring new client accounts.

    In her spare time, she enjoys spending time in the outdoors with family and friends.

  • Lynn Creighton
    Client Relations – Policy Encashment

    Lynn was born and bred in George along the beautiful Garden Route. She has travelled extensively and has lived in Israel, the United Kingdom and Turkey. After she obtained a Certificate in Banking with Milpark Business School, she gained 18 years of banking experience at FNB George, Knysna and Tokai.

    Lynn loves travelling, hiking, going to the gym and spending time with her family, especially her grown-up son. She joined Sable International from FX Capital as part of the merger between the two companies. She is currently employed in Client Relations for Policy Encashment in Sable International's South African Forex department.

  • Anita Huyser
    Business Development Executive

    Anita has a BComm degree and over 20 years work experience, 14 years of which she spent in the finance industry and eight years in foreign exchange, exchange control and cross-border payments. She has worked and travelled throughout Europe.

    Anita successfully summited Mt Kilimanjaro and completed her first Cape Town Argus Cycle Tour in 2014.

  • Brenda Simpkins
    Forex Broker

    Brenda has been a Forex Consultant in the Durban Office since March 2016. She has 25 years’ experience in project management and business management, in the event organising and office design industries. She completed her Bachelor of Social Science in Economics and Industrial Psychology at UKZN.

    She specifically deals with the private individual clients and particularly enjoys the more challenging situations where the client is struggling to find a realistic solution to their offshore transfer requirements. Brenda also deals with inheritance payments, financial emigration and SARS tax clearances.

    Outside of work she enjoys spending time with her three children.

  • Colleen De Vries
    Client Relations - Estates

    Colleen was employed as an office manager within the building/insurance industry for over 17 years. 

    She began her Sable International tenure as part of the South African Forex division and now specialises in deceased estates. 

    She enjoys spending time with family and friends.

     

  • Divania Govender
    Forex Administrator

    Divania Govender was born and raised in Durban. She is a recent graduate, completing her Bachelor of Commerce degree with majors in Finance and Economics at the University of KwaZulu Natal. She followed on completing her Bachelor of Commerce Honours in Finance degree at The University of KwaZulu Natal. 

    She joins Sable International as a Forex Administrator in our South African Forex department in Durban.

    She is a motivated and attentive individual who enjoys anything that challenges her thinking and pushes her out of my comfort zone.

    Outside of work, she likes to watch series and movies, spending time with her family and friends. She also likes going on random drives exploring the country in a lot more detail. 

  • Micaela Pillay
    Forex Administrator

    Micaela was born and raised in Durban. She attended UKZN where she obtained her Bachelor’s degree in Social Science (Psychology and Industrial Psychology). Thereafter she completed her honours at UNISA.

    Before joining Sable she worked at Nedbank as an administrator for four years. She is currently a member of the South African forex team.

    Outside of work she enjoys exploring and experiencing adventures. 

  • Laurinda Fortuin
    Forex Administrator

    Laurinda was born and raised in Cape Town. After completing high school she studied NQF Level 5 at Northlink College. She has 10 years of combined experience in customer services, emigration and foreign exchange.

    She is a Forex Administrator in Sable International's South African Forex department where she assists with the onboarding, account opening as well as cross-border and local payments.

    Outside of work she likes to binger watch series and loves spending time outdoors and travelling.

  • Clarissa Naidoo
    Forex Broker

    Clarissa comes from a small town in Kwa-Zulu Natal. She completed her Bachelor of Commerce Degree at UKZN Westville and her Bachelor of Commerce Honours qualification from UNISA.

    She was previously employed at Exchange4free. She is currently employed as a Forex Broker at Sable International, where she hopes to gain a lot of experience with balance of payments and trades.

    Outside of work she loves to read thriller novels, scrap book and journal. 

  • Caylin Swarts
    Forex Administrator

    Caylin graduated from IQ Academy with a Diploma in Business Management in 2021. Before joining Sable International she worked for IDM Group as a Debt Counsellor for Debt Busters. Currently is a Forex Administrator in our South African Forex department.

    Outside of work she enjoys going to the shooting range and reading books during her free time and on weekends.

  • Mishka Mc Leen
    Client Relations Consultant

    Mishka matriculated in 2006 and holds an NQF5 qualification. She went straight into the finance world after her studies where she spent 14 years. Prior to joining Sable International she worked for a small engineering company for just under two years.

    Her current role at Sable International is that of a Client Relations Consultant.

    She loves spending time with her family outdoors, especially on the beach and walking on the promenade.

  • Lawren Hartogh
    Client Relations Consultant

    Lawren is from Cape Town and matriculated in 2015 from Portland Secondary School in Mitchell's Plain.

    Before starting at Sable International she worked at Old Mutual Finance for five years as a financial consultant. She is now a Client Relations Consultant at Sable International.

    She loves summer is her favourite time of the year and she loves being in the kitchen and trying different dishes. She loves reading, watching documentaries, catching up with family and friends in her spare time and being a soccer mom on Saturdays. She also loves hiking and enjoying the outdoors.

  • Shawn Maidwell
    Operations Manager: Forex SA

    Shawn hails from windy Fish Hoek, Cape Town. After qualifying with a BComm in Marketing and Economics from Unisa, he spent seven years in sunny Scotland before returning to South Africa to begin working with FX Capital.

    He joined Sable International in November 2017 as part of a merger with FX Capital. Shawn has over four years’ experience in foreign exchange, exchange control and cross-border payments. He is currently the Operations Manager for our South Africa forex division and deals mainly with private clients, corporates, estates and transfers into South Africa.

    He enjoys playing sport, hiking and spending time with friends.

  • James Edward
    Business Director: Forex SA

    James has 35 years of banking experience, 15 of these intimately involved in international trade finance, including eight years as head of Capital Equipment Imports and Trade Finance, Nedbank Corporate (previously BoE Corporate Bank).

    He previously headed up the Durban office of Reichmann’s Trade Finance, part of Investec Bank. James has a BComm degree majoring in Economics and Business Finance, a Banker’s Diploma and has completed an Advanced International Finance course at the University of Cape Town. In his spare time, James enjoys surfing and has a very active family that love the outdoors.

 

See live exchange rates

We offer excellent, bank-beating exchange rates, which mean significant savings for you.Below is a table of live market exchange rates. These are interbank rates, which are the rates at which banks exchange with each other.

Bank-beating exchange rates and low fees

With us, you’re guaranteed to get better exchange rates and exceptional service that is better than a South African bank. Our service is tailored specifically to your needs and personal circumstances, unlike the banks.

Because of the complex legislation and intimidating Reserve Bank regulations, South Africans often look to traditional banks to help them with forex. The problem is that traditional banks charge unnecessary fees and don’t offer the best exchange rates either.

Get in touch

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Compliance and regulations


Our forex service is registered with all of the relevant authorities globally. Sable International is a trading name of Sable International FX Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570) and the Financial Services Conduct Authority in South Africa (Sable International FX [PTY] Limited - FSP no. 41900). We are registered as a Money Services Business with FinCEN in the USA (Sable International FX Limited -registration no. 31000236345657). Visit our compliance page.

For clients utilising our Currency Solved service, these products and services are provided by the FCA regulated E-money institution CurrencyCloud – please see license and registration details here