Treasury & FX in South Africa

Treasury & FX in South Africa

Call date: 27th March  2019

In this called members discussed their approaches and issues related to cash & treasury management in South Africa, including:

  • Intercompany netting
  • Domestic sweeping
  • Online multibank FX dealing

The key take aways from this call are listed below.

The call was chaired by Simon Jones whose commentary is below.

Premium members can and subscribers can download the full report here.

To find out more about premium membership, or subscribing to reports, please get in touch.

Key Take Aways

Intercompany netting settlement of payables and receivables is possible, but Central Bank approvals are required on an annual basis to do this, to make the exchange control document on each invoice easier. 

 Domestic sweeping structures between South African  entities is very common to one domestic master entity and recently a large MNC has obtained Central bank approval to cross border lend and borrow from this entity to a European treasury centre.  This process requires an annual recertification, like Interco netting.

 FX online multibank dealing systems are being used in South Africa, but getting the domestic & International banks to agree to use these platforms differs bank by bank and even corporate to corporate.

Premium members can and subscribers can download the full report here.

To find out more about premium membership, or subscribing to reports, please get in touch.

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