Cap40 event Business Wednesday with currencies direct


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Conference & Workshop on Tax & Currency in South Africa with Cap40 at the Alliance Française of Cape Town
Interview of Graeme Saggers Chartered Accountant at Noland and Graham Barratt CFX Sales Manager at Currencies Direct.

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Cap40 event Business Wednesday with currencies direct

  1. 1. Event organized byJoin the community
  2. 2. January 2011 . Copyright all rightsreservedBusiness Wednesday Tax & Currency
  3. 3. “South Africans and foreigners wanting to make internationalpayments should wake up to the benefits of shopping around,embrace the opportunity to save money and look beyond theperceived sanctity of their banks. They can literally save thousandson exchange rates and hundreds on fees and commissions”Keith Hatton: CEO, Currencies Direct LtdBusiness Wednesday Tax & Currency
  4. 4. Currencies Direct - Global Europes premier independent forex specialist with a globalfootprint 18 years experience (10 years in South Africa) Trade over R40 billion annually Secure, transparent, compliant and completely safe transactions Aligned to the SARB exchange control Regulated by the FSA for the Provision of PaymentServices (504 360) Comply with international money laundering regulations Funds are held in secure segregated accounts at Barclayswww.currenciesdirect.comBusiness Wednesday Tax & Currency
  5. 5. AnguillaAntigua and BarbudaArubaBahamasBarbadosBelizeBermudaBritish Virgin IsleCanada Cayman IslandsCosta RicaDominican RepublicGrenadaHondurasJamaicaMexicoNetherlandsAntillesPanamaPuerto RicoSt Kitts and NevisSt. LuciaTrinidad and TobagoUSAArgentinaBoliviaBrazilChileColombiaEcuadorGuyanaPeruUruguayUS, Canada, LATAM Europe Africa Asia PacificAlbaniaAndorraAustriaBelgiumBosnia and HerzegovinaBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandFranceGeorgiaGermanyGibraltarGreeceGuernseyHungaryIrelandIsle of ManItalyJersey CILatviaLiechtensteinLithuaniaLuxembourgMacedoniaMaltaMonacoMontenegroNetherlandsNorwayPolandPortugalRomaniaRussiaSan MarinoSerbiaSlovak RepublicSloveniaSpainSwedenSwitzerlandTurkeyUkraineAlgeriaBotswanaBurkina FasoCameroonCape VerdeEgyptEthiopiaGhanaKenyaLesothoMadagascarMalawiMaliMauritiusMoroccoMozambiqueNamibiaSenegalSeychellesSouth AfricaSwazilandTanzaniaTunisiaZambiaZimbabweGlobal Payment footprint: capability to make payments to 150+ countriesPlatform with more than 1,000 trading currency pairsAustraliaBahrainBangladeshBruneiCambodiaChinaDubaiFijiHong KongHong Kong SARIndiaIndonesiaIsraelJapanJordanKazakhstanKuwaitLaosLebanonMacauMalaysiaMaldivesMongoliaNepalNews ZealandOmanPakistanPhilippinesQatarSaudi ArabiaSingaporeSouth KoreaSri LankaSyriaTaiwanTajikistanThailandUnited Arab EmiratesVietnamGlobal FootprintBusiness Wednesday Tax & Currency
  6. 6. Currencies Direct – Local A registered financial services provider (43493) Mandated by SARB to facilitate international payments 10 years experience in South Africa Complimentary assistance with SARS tax clearances and SARBexchange control authorisation Relationships with multiple leading Authorised Dealer Banks inSA Secure, transparent, compliant and completely safe transactions Aligned to the SARB exchange control regulations Audited biannually and holding the required insurances Funds are held in segregated client accountsBusiness Wednesday Tax & Currency
  7. 7. Issues clients currently face All transactions incur costs, some hidden Rates are often not guaranteed Rates are not negotiable Sub-standard service No personal contact with dealer Time consuming paperwork Call centres Tax and SARB exchange control clearancesBusiness Wednesday Tax & Currency
  8. 8. Why use Currencies Direct Free transfers : no fees nor hidden costs Guaranteed rates : better than banks Excellent service Dedicated Dealer, negotiable rates No obligations Safeand secure Assistance with Tax and SARB exchange control clearances Unique product range : Spot deals, forward contracts & ratewatchBusiness Wednesday Tax & Currency
  9. 9. Case StudyBuying a Dream Holiday Home in SAR4 600 000 Beachfront home in Hermanus : 17 March 2013* Indicative rate - not guaranteedA minimum cost saving of £8 263.95 or 2.5% of the propertypriceProvider Rate Fee Total Cost in £UK Bank 14.0250* £25 £327 985.73High street Bank 14.0725* £40 £326 878.66Currencies Direct 14.4375 £0 £318 614.71Business Wednesday Tax & Currency
  10. 10. Case StudySelling a Property – Transfer from ZAR to USDR2 200 000 apartment in Hout Bay : 31 March 2013Provider Rate Fee Total Value inUS$SA Bank 1 9.4880* R650 US$ 231 871.83**SA Bank 2 9.4120* R500 US$ 233 744.15**SA Bank 3 9.4118* R700 US$ 233 749.12**Currencies Direct 9.3018 R0 US$ 236 513.36* Indicative rate - not guaranteed** Excludes any commissions, 0.4% of the valueA maximum return of US$ 4 641.53 or 2% of the property priceBusiness Wednesday Tax & Currency
  11. 11. Case StudyImporting Goods – Transfer from ZAR to USD$ 330 000 Goods Invoice, China : 19 June 2013Provider Rate Fee Total Value inZARSA Bank 1 10.1685* R627 R3 356 232**SA Bank 2 10.1790* R600 R3 359 670**SA Bank 3 10.1695* R700 R3 356 635**Currencies Direct 10.0790 R0 R3 326 070* Indicative rate - not guaranteed** Excludes any commissions, 0.4% of the valueA minimum saving of ZAR 33 600 or 1% of the invoice priceBusiness Wednesday Tax & Currency
  12. 12. Contact DetailsIf you or your company intends transferring foreign currency / buy Rand would like to purchase foreign currency / sell Rand would like to repatriate moneySPEAK to Currencies Direct1. Personal Transfers (PFX) Corporate Transfers (CFX) emailgraham.barratt@currenciesdirect.com3. Or call us on 021 418 0105We will do the restBusiness Wednesday Tax & Currency
  13. 13. “I was impressed with the speed and the quality of the service fromCurrencies Direct: within 3 days of my initial consultation withGraham I had the currency arrive in my account. And incredible valueon top of that: the best exchange rate I could find on the day, andwith no fees I saved a good amount compared to transferring via mybank in the UK.”Andrew Jones: Recent satisfied Currencies Direct ClientTestimonialBusiness Wednesday Tax & Currency
  14. 14. / 021 418 0105 / southafrica@currenciesdirect.comBusiness Wednesday Tax & Currency