Stewards Investment Capital partners with PIAfrica 2026 for a third consecutive year
January 16, 2026Stewards Investment Capital partners with PIAfrica 2026 for a third consecutive year
January 16, 2026Important Update: Increased Foreign Exchange Allowances for 2026
27 February 2026
Following the release of South Africa’s 2026 Budget Review, we are pleased to highlight key enhancements to exchange control regulations that positively impact your international payments and foreign currency requirements.
Single Discretionary Allowance Increased to R2 Million
National Treasury has announced an immediate increase to the Single Discretionary Allowance (SDA), raising the annual limit for individuals from R1 million to R2 million per calendar year.
What This Means for You
1. Enhanced Offshore Flexibility
You may now externalise up to R2 million annually without the need to obtain a Tax Compliance Status(TCS) PIN from SARS.
2. Broader Use of Funds
The SDA applies to a wide range of discretionary purposes, including offshore investments, travel expenses, gifts, family remittances, and international donations.
3. Streamlined Transfers
The increased allowance is available automatically from the beginning of each calendar year, with no additional approvals or applications required.
- E-commerce & Digital Services: The limit for miscellaneous imports or subscription payments made via credit/debit cards has increased from R50,000 to R100,000 per transaction.
- Cash Limits: For those traveling, the limit for South African bank notes you may carry when entering or exiting the country has been raised from R25,000 to R100,000.
- Foreign Inward Loans: The interest rate caps on inward foreign loans have been removed, provided the loans are market-related and reported to the Reserve Bank.
