The South African Reserve Bank’s Financial Surveillance Department has withdrawn Forex World (Pty) Limited’s appointment as an Authorised Dealer in foreign exchange with limited authority, with immediate effect. Forex World’s name will be removed from sections A.2(A) and A.2(B) of the Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority and the Currency and Exchanges Manual for Authorised Dealers, as well as from the guideline documents for business entities and individuals. The withdrawal is issued for the purposes of the Exchange Control Regulations made under Government Notice No. R.1111 of 1 December 1961, as amended, and is accompanied by a Government Notice.
South African Reserve Bank 2026-03-13
South African Reserve Bank withdraws Forex World’s authorised dealer status for limited foreign exchange activity with immediate effect
The South African Reserve Bank’s Financial Surveillance Department has revoked Forex World (Pty) Limited’s status as an Authorised Dealer in foreign exchange with limited authority. Forex World will be removed from relevant sections of the Currency and Exchanges Manual and associated guideline documents. This action is in accordance with the Exchange Control Regulations under Government Notice No. R.1111.