Customs Updated:
31 Jul 2017

Tariff Book (S1 P1)
Excess Currency – Standard Operating Procedure

The South African Revenue Service (Sars) has published its “External – Standard Operating procedure – Excess Currency” dated 26 October 2012. According to the “Scope” of the document, (a) This policy outlines the limitations on the movement of bank notes, foreign currency and Kruger Rand coins in and out of South Africa. (b) This policy applies to every person who is about to enter/has entered, who is about to exit/has exited South Africa from/to a country outside the Common Monetary Area (CMA) through any recognised place of arrival/departure and who has in his/her possession South African banknotes, any foreign currency or Kruger Rand coins. (c) This policy does not apply to: (i) Bearer instruments, for example, bills of exchange, cheques, promissory notes, bearer bonds, travellers’ cheques, money orders or postal orders; or (ii) The movement of foreign currency and/or rand within the CMA.