12. Transfers to Charitable, Religious or Educational Bodies and to Missionaries

Applications by charitable, religious or educational bodies registered as a non-profit organisation under the Non-Profit Act, 1997 (Act No. 71 of 1997) with the Non-Profit Organisation Directorate of Social Development for the transfer of funds to such bodies in countries outside the CMA should be submitted via an Authorised Dealer to the Financial Surveillance Department, with full particulars.

Religious bodies are permitted to transfer up to R20 000 per calendar year per beneficiary to missionaries, provided that a letter from a local registered religious body is presented to an Authorised Dealer confirming that the person is a missionary abroad.