Forum Help

Having problems? Want to leave your comments? Ask here!


Forum Help and FAQ

The Help menu at the top of the forum pages gives you access to the Help system where most of your questions about using this forum will be answered.
There is a useful Search facility (inside the Help section) to aid you in finding the answers to your questions, but should you still experience problems or concerns, do post your message here.

156 topics in this forum

  1. Forum Etiquette.

    • 21 replies
    • 2,790 views
  2. Posting pictures on SACanada

    • 25 replies
    • 6,708 views
  3. Member levels

    • 86 replies
    • 13,556 views
  4. Spell Checker for use on SACanada

    • 19 replies
    • 3,145 views
  5. Account Validation issue

    • 29 replies
    • 2,567 views
  6. Application just getting started

    • 1 reply
    • 247 views
  7. Is there an App for this site?

    • 1 reply
    • 274 views
  8. App for this forum

    • 4 replies
    • 466 views
  9. How to change my Display Name?

    • 5 replies
    • 479 views
  10. Can I save discussions as favourites

    • 3 replies
    • 465 views
  11. Private Message Notifications

    • 19 replies
    • 982 views
  12. Forum Guidelines

    • 13 replies
    • 621 views
    • 14 replies
    • 596 views
  13. How It All Began...

    • 3 replies
    • 468 views
  14. Signatures on the mobile site?

    • 2 replies
    • 361 views
    • 1 reply
    • 443 views
  15. Cover Photo's displaying incorrectly

    • 2 replies
    • 351 views
  16. New Forum Upgrade - Need Help?

    • 57 replies
    • 1,944 views
  17. Access my e-mail

    • 1 reply
    • 382 views
  18. How to contact SACanada Admin?

    • 2 replies
    • 494 views
  19. What's happened to all our hosts?

    • 43 replies
    • 1,841 views
  20. Word of caution re. posting here

    • 22 replies
    • 1,180 views
  21. Issues with fonts, emoticons and images

    • 12 replies
    • 477 views
  22. Avatar

    • 2 replies
    • 454 views
  23. How to delete a double post?

    • 1 reply
    • 446 views
  • 5 Most Recent Posts

    • M_Richard
      For transferring money from Canada to South Africa, bitcoin is very good if you learn to navigate the markets. You can buy bitcoin on Kraken exchange (deposit CAD) for low fees (+-0.25%) and then transfer it to Luno exchange and sell for ZAR. If you know how to navigate Luno, you can sell for zero fees, or instant sell is 1% fee but can be easily avoided. The main advantage of using bitcoin (BTC) is the fact that BTC typically trades at a 5% premium in SA. So your funds will actually become more. It is a bit of arbitrage trading mixed with remittance.  A quick example using current prices and fees:
      1. You deposit 10,902 CAD to Kraken, buy bitcoin at 0.25% fee (current price 10,875 CAD = 1 BTC), with the fee included, you now have 1 BTC 2. Transfer the 1 BTC to the SA Luno exchange wallet (low fixed transfer fee, like 20 ZAR). Then you sell for ZAR (at a 5% higher current price in SA of 123,000 ZAR, zero fees) and withdraw to a SA bank account (8.5 ZAR fixed fee). 3. So now you have R123,000 (minus like R30 fees) in you SA bank account. Compare this to transferring via a bank, who will give an exchange rate of around R10.33/CAD at the moment, excluding any other transfer fees or percentage based conversion fees. Working with R10.33/CAD, the original 10902 CAD will convert to 112,600 ZAR.  So with bitcoin, you actually get 10,000 ZAR more on the other side. Something to think about/worth investigating. Depends on the premium between the two exchanges, but SA is typically 2% to 6% more, the premium has even been as high as 10%. Obviously, for transferring for SA to Canada, the opposite is true.  
    • PyroSA
      Xoom seems to support payments from USD, EUR and GBP only?
        There definitely is a CAD -> ZAR option, but that's not much use if I want to send over a lump sum for getting set up in Canada.  
    • Jules
      I recall using Transferwise when my mom was still alive and I used to send her money from Canada to SA so there must be a CAD$ to ZAR option. I haven’t used it in a couple of years but their app was really good and fees were low. 
    • M-N
      Have you looked into xoom? They're a new transfer service from PayPal.  
    • PyroSA
      TransferWise and XE doesn't seem to have a ZAR -> CAD option. Exchange4Free OTP isn't my mobile phone at the moment Did my cash through FNB, their rate wasn't too bad to be honest.
      Asked if I can get a special rate for >R100k, but still haven't had a response from fxtravel@fnb.co.za