![]() ![]() The South African Revenue Services (SARS) and SA Regulations SA traders face a unique set of regulations when it comes to FX trading, different to those in effect in Europe, Australia, Asia and beyond. It is a developing nation, with incredible potential on an economic front. South Africa is considered an emerging market economy, and part of the BRICS (Brazil Russia, India, China, and South Africa) countries. FX traders have increasingly sought out South Africa as one of their preferred currency trading destinations, what with fundamental economic strength, and a huge domestic economy. A large global network of buyers and sellers engages in FX trades on a daily basis. The global FX market is currently worth an estimated $5 trillion per day, and South Africa certainly chips in with its share of the currency trading market. As Africa’s powerhouse, FX trading is high on the agenda for South African traders. It is a multicultural melting pot bustling with diversity and economic activity. South Africa is a beacon of hope for the African continent, and the world at large. ![]()
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