11. Omnibus Travel Facility

Business entities may make an application to Authorised Dealers and ADLAs to avail of an omnibus travel facility up to R20 million per calendar year for allocation to the entities’ representatives for business travel purposes only, at the discretion of the relevant firm or company. At the beginning of each calendar year, the business entity should apply in writing, on the business entity’s letterhead, to the Authorised Dealer or ADLA for permission to avail of an omnibus travel facility.

On each occasion during the calendar year that the representatives of the business entity will travel, an official letter from the business entity concerned authorising the proposed business visits to be undertaken and explaining the purpose of the proposed business trips must be presented to the Authorised Dealer or ADLA. The person travelling on behalf of the business entity and availing of this facility must present a valid green bar-coded South African identity document or Smart identity document card together with the passenger ticket in their name to an Authorised Dealer or ADLA.

Funds availed of in terms of the omnibus facility may not be used for any other purpose than business travel. This allowance may not be deposited into a foreign bank account under any circumstances.

Any unused foreign currency must be resold within 30 days to an Authorised Dealer or ADLA on the traveller’s return to South Africa. Where a traveller, however, has to go on recurring business trips within 90 days of the previous trip, any unutilised foreign currency notes may be retained for use during the next business trip.

Applications for facilities in excess of R20 million must be submitted to the Financial Surveillance Department via an Authorised Dealer or ADLA for consideration.

Representatives of entities availing of an omnibus travel facility also qualify in their personal capacity for a travel allowance within the single discretionary allowance limit of R1 million per calendar year.