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Know Before You Go

Travel & Study Allowances for Individuals Travelling Abroad

ALLOWANCES

  • Per adult (over the age of 18): R1 000 000 (1 Million) per annum
  • Per child (under the age of 18): R200 000 per annum

FOREIGN CURRENCY

  • Foreign Currency may not be bought more than 60 days prior to travel.
  • Foreign Exchange may be transferred to abroad to a bank account in the traveller's name, but not to a 3rd party.
  • Foreign Currency may only be used for the purposes stated / declared when purchased.
  • Unused foreign exchange must be converted to Rand within 30 days of returning to South Africa
  • Proof of purchase of foreign exchange may be requested, so all slips should be retained

TRAVEL ALLOWANCE

  • The cost of land arrangements (hotels, cruises, tours, etc) form part of travel allowance, but local payment of airfares do not.
  • Travel allowance not spent on holiday expenditure may not be kept offshore

SOUTH AFRICAN CURRENCY

  • Each traveller may take R25000 in South African currency when travelling abroad

Source: www.resbank.co.za