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For those who use wise for receiving international payments Capitec is so good that it's almost a few cents off from the rate you see of usd/zar when you purchase also always take multiple cards as back up min one best to have two Does it only allow to receive it in usd or multiple currencies.?
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How to convert in into zar.do we have to attach a holding. Please be aware of the limitations of this product, and use it wisely As for usd currency as an investment
The competition appeal court has dismissed charges against standard bank, firstrand, nedbank, and most foreign banks accused of conspiring to manipulate the rand’s value
In a ruling handed down. Would it be beneficial to invest in a a usd s&p500 or a zar s&p500 for example If you looking at plus 10 years, do the usd version. I have just had a friend contact me
He opened an easy equities zar account 2 years ago He was kyc'd and bank account verified and trading on the platform Last year he applied for the usd. You can't really deposit straight your usd/euro from ibkr into your zar south african bank
So you need to convert into zar on ibkr (not sure what their conversion fees are) first and then.
The rand should be at r11.30 to the us dollar despite having a fair value as low as r11.30/usd, the rand is significantly undervalued due to a substantial risk premium driven by controversial. The exchange control regulations require that you convert all usd to zar within 30 days, but even if you don't, it's still taxable in zar.) click to expand. I have a standard bank shyft account
