2. Authorised Entities
2.1. Authorised Dealers
The offices in South Africa of the undermentioned banks are authorised to act, for the purposes of the Exchange Control Regulations, as Authorised Dealers:
| Name of entity – Authorised Dealer |
|---|
| ABSA Bank Limited |
| Access Bank (South Africa) Limited |
| Albaraka Bank Limited |
| Bank of China Johannesburg Branch |
| Bank of Communications Co. Limited Johannesburg Branch |
| Bank of Taiwan South Africa Branch |
| Bidvest Bank Limited |
| Capitec Bank Limited |
| China Construction Bank, Johannesburg Branch |
| Citibank, N.A., South Africa |
| Deutsche Bank AG, Johannesburg Branch |
| Discovery Bank Limited |
| FirstRand Bank Limited |
| Goldman Sachs International Bank, Johannesburg Branch |
| Habib Overseas Bank Limited |
| HBZ Bank Limited |
| HSBC Bank plc – Johannesburg Branch |
| Investec Bank Limited |
| JPMorgan Chase Bank (Johannesburg Branch) |
| Nedbank Limited |
| Sasfin Bank Limited |
| Standard Chartered Bank – Johannesburg Branch |
| State Bank of India |
| The Standard Bank of South Africa Limited |
Restricted Authorised Dealer
The office in South Africa of the under-mentioned bank is authorised to act, for the purposes of the Regulations, as a Restricted Authorised Dealer in respect of permissible credit card transactions per the quoted sections of the Currency and Exchanges Manual for Authorised Dealers:
| Name of entity – Restricted Authorised Dealer | Sections |
|---|---|
| African Bank Limited | Sections B.4(B) and B.16 |
| Bank Zero Mutual Bank | Sections B.4(B) and B.16 |
| Grindrod Bank Limited | Sections B.4(B) and B.16 |
| Tyme Bank Limited | Sections B.4(B) and B.16 |
Authorised Dealer in foreign exchange with limited authority
The offices in South Africa of the entities listed hereunder are authorised to act, for the purposes of the Regulations, as ADLAs. The ADLAs, dependent on their category of appointment, are only authorised to conclude travel-related transactions and certain specified transactions under the single discretionary allowance:
| Name of entity – ADLA | Category of appointment |
|---|---|
| Border Forex (Pty) Limited | Two |
| Forex World (Pty) Limited | Two |
| Global Foreign Exchange (Pty) Limited | Two |
| Home Remitt (Pty) Limited | Two |
| Imali Express (Pty) Limited | Two |
| Inter Africa Bureau de Change (Pty) Limited | Two |
| Interchange RSA (Pty) Limited | Two |
| Mukuru Africa (Pty) Limited | Two |
| NEC Money (Pty) Limited | Two |
| Sikhona Forex RF (Pty) Limited trading as Ria Money Transfer | Two |
| Tourvest Financial Services (Pty) Limited trading as Travelex | Two |
| Travel Forex (Pty) Limited trading as Travelex | Two |
| Access Forex (Pty) Limited | Three (MTO) |
| Clicksendnow (Pty) Limited | Three (MTO) |
| eZi Remit (Pty) Limited | Three (MTO) |
| Kawena Exchange (Pty) Limited | Three (VTSP) |
| Sasai Fintech (Pty) Limited | Three (MTO) |
| SendHome (Pty) Limited | Three (MTO) |
| Shop2Shop Money Transfer (Pty) Limited | Three (MTO) |
| Shoprite Money Transfers (Pty) Limited trading as ShopriteSend | Three (MTO) |
| Teeenaar (Pty) Limited | Three (MTO) |
| Terra Payment Services South Africa (RF) (Pty) Limited | Three (MTO) |
| Tayo Pay (Pty) Limited | Three (MTO) |
| WorldRemit South Africa (Pty) Limited | Three (MTO) |
| Hello Paisa (Pty) Limited | Four |
| Mama Money (Pty) Limited | Four |
| Southeast Exchange Company (South Africa) (Pty) Limited | Four |
- Category One: Travel-related transactions only.
- Category Two: Travel-related transactions and certain prescribed single discretionary allowance of R1 million per applicant within the calendar year, with additional money remittance services in partnership with external money transfer operators.
- Category Three: Independent money transfer operators or value transfer service providers, facilitating transactions not exceeding R5,000 per transaction per day, with a limit of R25,000 per applicant per calendar month.
- Category Four: A combination of services provided by Category Two and Category Three ADLAs.