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You are here: Home / News / South Africans moving funds internationally now have a cheaper, easier option than their bank | SA News

South Africans moving funds internationally now have a cheaper, easier option than their bank | SA News

11 July 2025 by Guest

It’s a common misconception that South African banks are in fierce competition for your forex business, but Future Forex has challenged that notion by offering significantly lower forex fees – and is pairing these savings with a premium, white-glove service.

“Forex is arguably one of the least competitive markets in the banking sector,” says Harry Scherzer, CEO of Future Forex and a qualified actuary. “Yes, there are differences between the banks in the rates they charge their customers, but these are all within a range of about 2-3%. Not only is this margin exorbitant, but it’s often hidden from customers, which is exactly why we set out to disrupt the…

Literature: South African literature includes renowned authors like Nadine
Gordimer, J.M. Coetzee, and Zakes Mda, who explore themes of identity and social justice.

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Reader Interactions

Comments

  1. JK Friend

    18 September 2026 at 10:55 pm

    Fun South African Fact: The waters surrounding the 2,500km long coastline are teeming with life. You’ll find great white sharks, African penguins, dolphins and much much more in South Africa’s oceans. Many travellers visit the coast to watch the annual whale migrations. In Hermanus, in the Western Cape, you can see hundreds of whales from June to late November. Simon’s Town, another coastal Western Cape town, is home to Boulder’s Beach. Here you can swim alongside colonies of African Penguins!

  2. Cricket

    30 August 2026 at 5:56 pm

    Fun South African Fact: The Dutch and the British fought over South Africa.

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