Sports Professionals: Managing Global Finances

As the preferred currency transfer provider to South African Sports Professionals, we understand that for professional athletes, managing money across borders is often very challenging and hard to navigate. Between different currencies, tax rules, and regulations, it can quickly become complicated. That’s why sports professionals need more than just a currency exchange; they need a trusted partner.

At Currency Partners, we understand the financial needs of sportsmen and women, whether you’re earning in South Africa and investing abroad, sending money home, or playing internationally and bringing your income back.

Here’s how we add meaningful value to every step of their cross-border financial journey.

Playing in South Africa and Sending Funds Abroad

Scenario 1: SA-Based Athletes Investing Offshore or Emigrating

Athletes earning in South Africa may want to invest abroad or plan for emigration. In these cases, we assist with:

• Approvals for International Transfers (AITs): We manage the SARS and South African Reserve Bank approvals required for transfers over R1 million per calendar year.
• Offshore Investment Payments: Our expert team secures favourable exchange rates for international investments.
• High-Interest Cash Management Accounts: Earn interest while waiting for the right time to transfer your funds.
• Rate Alerts & Market Orders: We monitor rates and act on your behalf when your target rate is reached.

Scenario 2: Foreign Athletes Playing in South Africa Repatriating Funds

If you’re a foreign player earning in South Africa, we can help repatriate your earnings smoothly and compliantly:

• Non-Resident Bank Accounts: We help to bring your funds into South Africa and manage accounts that meet local exchange control requirements.
• Unencumbering Funds: We manage the necessary steps to make your earnings eligible for international transfer.
• Repatriation Services: We handle currency conversions and ensure funds are transferred efficiently to your home country.

South African Athletes Earning Abroad

If you’re earning foreign income overseas, we help bring those funds home or manage them flexibly:

• Foreign Currency Accounts (FCA): Receive and hold earnings in foreign currency in South Africa.
• Flexible Conversions: Convert to Rand or reinvest abroad when it suits you, with access to market guidance and rate alerts.
• Tax Migration: if you are living abroad and would like to cease your tax residency in South Africa, in order to avoid double taxation, Currency Partners can assist you with guidance and support through this process.

Why Athletes Choose Currency Partners

Athletes don’t always have time to manage financial admin, deal with red tape, or track the market. That’s where we come in.

With personalised service, deep regulatory knowledge, and competitive rates, we help sports professionals take control of their cross-border finances—quickly and compliantly.

Whether you’re based locally or abroad, Currency Partners is here to help your money move as confidently as you do.

Talk to us today and let us support your career – across borders.

For more information or assistance please email enquiries@currencypartners.co.za or call (+27) 21 203 0081 to get in touch with our expert team.