Cryptocurrencies have revolutionised the world of finance, offering new opportunities and challenges. To ensure the responsible and secure use of these digital assets, South Africa is introducing ground breaking legislation to regulate crypto asset service providers (CASPs). In this blog…
There have been many alarmist headlines about this subject and while the political dynamics surrounding South Africa’s alignment with Russia during the Ukraine conflict have significant implications for its economy, we would like to look at a realistic view of…
To begin, you need to understand who the Financial Action Task Force (FATF) is and what they do. They are an intergovernmental organisation that was established in 1989 to combat money laundering, terrorist financing, and other financial crimes. FATF sets…
In the world of international money transfers, there are two major players: the traditional SWIFT system and the disruptive force of blockchain technology. As a forex money transfer business, we want to take you on a journey to understand these…
We have put together this overview to bring clarity to the SARS Tax Compliance Status Process enhancements that is causing some undue concerns. These are changes in process and not in regulation, so you can let out that breath you…
Thank you for taking the time to have a look at our blog posts. This article is a little different from our normal content and takes a look at one of the questions we get asked quite often here at…
Currency Assist was founded in the fun little sea-side town of Plettenberg Bay, South Africa. Here we have a large population of residents who escape the cold Northern Hemisphere winters to bask on our golden beaches for 3-6 months to…
South Africa’s rand edged weaker on Monday in cautious trade as investors assessed the impact of the end of the U.S. government shutdown, while awaiting the Federal Reserve’s policy meeting starting on Tuesday. * At 0630 GMT the rand was 0.04…
Period date: From 1st Oct 2016 until 31st March 2017 Currency Assist in association with select South African Tax Advisors are offering a special offer for those making use of the upcoming Tax and Exchange Control “Amnesty”. (We know you…