Event organized by Join the community on cap40.co.za
Cap40 event Business Wednesday with currencies direct
Jan 21, 2015
Join our community on: http://cap40.co.za/
Find more information about the event here: http://cap40.co.za/events/workshop-q-a-creating-a-business-in-south-africa?xg_source=activity
Find all our event in video here: https://www.youtube.com/user/LeCap40
Conference & Workshop on Tax & Currency in South Africa with Cap40 at the Alliance Française of Cape Town
Interview of Graeme Saggers Chartered Accountant at Noland and Graham Barratt CFX Sales Manager at Currencies Direct.
Find more information about the event here: http://cap40.co.za/events/workshop-q-a-creating-a-business-in-south-africa?xg_source=activity
Find all our event in video here: https://www.youtube.com/user/LeCap40
Conference & Workshop on Tax & Currency in South Africa with Cap40 at the Alliance Française of Cape Town
Interview of Graeme Saggers Chartered Accountant at Noland and Graham Barratt CFX Sales Manager at Currencies Direct.
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Event organized by
Join the community on cap40.co.za
January 2011 . Copyright all rights reserved
Business Wednesday Tax & Currency
“South Africans and foreigners wanting to make international
payments should wake up to the benefits of shopping around,
embrace the opportunity to save money and look beyond the
perceived sanctity of their banks. They can literally save thousands
on exchange rates and hundreds on fees and commissions”
Keith Hatton: CEO, Currencies Direct Ltd
Business Wednesday Tax & Currency
Currencies Direct - Global
Europe's premier independent forex specialist with a global footprint
18 years experience (10 years in South Africa)
Trade over R40 billion annually
Secure, transparent, compliant and completely safe transactions
Aligned to the SARB exchange control
Regulated by the FSA for the Provision of Payment Services (504 360)
Comply with international money laundering regulations
Funds are held in secure segregated accounts at Barclays www.currenciesdirect.com
Business Wednesday Tax & Currency
AnguillaAntigua and BarbudaArubaBahamasBarbadosBelizeBermudaBritish Virgin IsleCanada Cayman IslandsCosta RicaDominican RepublicGrenadaHondurasJamaicaMexicoNetherlands AntillesPanamaPuerto RicoSt Kitts and NevisSt. LuciaTrinidad and TobagoUSAArgentinaBoliviaBrazilChileColombiaEcuadorGuyanaPeruUruguay
US, Canada, LATAM Europe Africa Asia Pacific
AlbaniaAndorraAustriaBelgiumBosnia and HerzegovinaBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandFranceGeorgiaGermanyGibraltarGreeceGuernseyHungaryIrelandIsle of ManItalyJersey CILatviaLiechtensteinLithuaniaLuxembourg
MacedoniaMaltaMonacoMontenegroNetherlandsNorwayPolandPortugalRomaniaRussiaSan MarinoSerbiaSlovak RepublicSloveniaSpainSwedenSwitzerlandTurkeyUkraine
AlgeriaBotswanaBurkina FasoCameroonCape VerdeEgyptEthiopiaGhanaKenyaLesothoMadagascarMalawiMaliMauritiusMoroccoMozambiqueNamibiaSenegalSeychellesSouth AfricaSwazilandTanzaniaTunisiaZambiaZimbabwe
Global Payment footprint: capability to make payments to 150+ countriesPlatform with more than 1,000 trading currency pairs
AustraliaBahrainBangladeshBruneiCambodiaChinaDubaiFijiHong KongHong Kong SARIndiaIndonesiaIsraelJapanJordanKazakhstanKuwaitLaosLebanonMacauMalaysiaMaldivesMongoliaNepalNews ZealandOmanPakistan
PhilippinesQatarSaudi ArabiaSingaporeSouth KoreaSri LankaSyriaTaiwanTajikistanThailandUnited Arab EmiratesVietnam
Global Footprint
Business Wednesday Tax & Currency
Currencies Direct – Local
A registered financial services provider (43493)
Mandated by SARB to facilitate international payments
10 years experience in South Africa
Complimentary assistance with SARS tax clearances and SARB exchange control authorisation
Relationships with multiple leading Authorised Dealer Banks in SA
Secure, transparent, compliant and completely safe transactions
Aligned to the SARB exchange control regulations
Audited biannually and holding the required insurances
Funds are held in segregated client accounts
Business Wednesday Tax & Currency
Issues clients currently face
All transactions incur costs, some hidden
Rates are often not guaranteed
Rates are not negotiable
Sub-standard service
No personal contact with dealer
Time consuming paperwork
Call centres
Tax and SARB exchange control clearances
Business Wednesday Tax & Currency
Why use Currencies Direct
Free transfers : no fees nor hidden costs
Guaranteed rates : better than banks
Excellent service
Dedicated Dealer, negotiable rates
No obligations
Safe and secure
Assistance with Tax and SARB exchange control clearances
Unique product range : Spot deals, forward contracts & rate watch
Business Wednesday Tax & Currency
Case Study
Buying a Dream Holiday Home in SAR4 600 000 Beachfront home in Hermanus : 17 March 2013
* Indicative rate - not guaranteed
A minimum cost saving of £8 263.95 or 2.5% of the property price
Provider Rate Fee Total Cost in £
UK Bank 14.0250* £25 £327 985.73
High street Bank 14.0725* £40 £326 878.66
Currencies Direct 14.4375 £0 £318 614.71
Business Wednesday Tax & Currency
Case Study
Selling a Property – Transfer from ZAR to USDR2 200 000 apartment in Hout Bay : 31 March 2013
Provider Rate Fee Total Value in US$
SA Bank 1 9.4880* R650 US$ 231 871.83**
SA Bank 2 9.4120* R500 US$ 233 744.15**
SA Bank 3 9.4118* R700 US$ 233 749.12**
Currencies Direct 9.3018 R0 US$ 236 513.36
* Indicative rate - not guaranteed** Excludes any commissions, ±0.4% of the value
A maximum return of US$ 4 641.53 or 2% of the property price
Business Wednesday Tax & Currency
Case Study
Importing Goods – Transfer from ZAR to USD$ 330 000 Goods Invoice, China : 19 June 2013
Provider Rate Fee Total Value in ZAR
SA Bank 1 10.1685* R627 R3 356 232**
SA Bank 2 10.1790* R600 R3 359 670**
SA Bank 3 10.1695* R700 R3 356 635**
Currencies Direct 10.0790 R0 R3 326 070
* Indicative rate - not guaranteed** Excludes any commissions, ±0.4% of the value
A minimum saving of ZAR 33 600 or 1% of the invoice price
Business Wednesday Tax & Currency
Contact Details
If you or your company
intends transferring foreign currency / buy Rand
would like to purchase foreign currency / sell Rand
would like to repatriate moneySPEAK to Currencies Direct
1. Personal Transfers (PFX) email [email protected]
2. Corporate Transfers (CFX) email [email protected]
3. Or call us on 021 418 0105
We will do the restBusiness Wednesday Tax & Currency
“I was impressed with the speed and the quality of the service from
Currencies Direct: within 3 days of my initial consultation with Graham
I had the currency arrive in my account. And incredible value on top of
that: the best exchange rate I could find on the day, and with no fees I
saved a good amount compared to transferring via my bank in the
UK.”
Andrew Jones: Recent satisfied Currencies Direct Client
Testimonial
Business Wednesday Tax & Currency
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