Clients who have previously Formally Emigrated and who have BLOCKED RANDS in South Africa are now able to transfer their funds out of South Africa without paying the 10% exit levy!

There are thus no penalty fees to transfer Blocked Rands out of South Africa.

Exchange4free are able to assist clients with applying to the South African Reserve Bank (SARB) to transfer Blocked Rands out of the country above the R4M limit per annum.

Exchange4free can assist clients to move blocked funds out of the country in the following way:

• Provide us with your SARB Formal Emigration Number
• Contact us for a great exchange rate and low costs

In the past, clients who have formally emigrated out of South Africa had to pay an exit levy of 10% in order to transfer funds in excess of R4 Million out of the country and out of blocked accounts in South Africa.