BUSINESS SOLUTIONS

Corporate Treasury Solutions for the SA‑UK Trade Corridor

Protect your margins with bank-beating ZAR/GBP rates, expert hedging strategies, and seamless SARB compliance.

SA-UK Corridor Specialists
Forward Contracts Up to 12 Months
SARB & BOP Compliant
Rates that beat the big SA banks
WHAT WE OFFER

Specialist ZAR/GBP Treasury for SA-UK Trade

When a Joburg importer needs to pay a UK supplier, or a UK-based Saffa business needs to repatriate funds - WBForex is the specialist corridor partner that banks can't match.

Business Forex Transfers

Competitive exchange rates for regular business payments, supplier invoices, and payroll transfers between SA and the UK.

Currency Risk Management

Forward Exchange Contracts (FECs) to lock in your rate for up to 12 months - protecting margins against adverse currency moves.

Trade Finance & Letters of Credit

Structured solutions for import/export businesses. We facilitate the movement of goods with financial backing and manage cash flow during the trade cycle.

CFC Account Advisory

Advice on Customer Foreign Currency (CFC) accounts - hold USD, GBP, or EUR locally until the rate is optimal, avoiding unnecessary conversions.

SARB Compliance

Full compliance with SARB exchange control regulations for business transfers, including AIT applications and SARS reporting.

Dedicated Account Manager

A named business account manager who understands your specific requirements and provides proactive rate monitoring and alerts.

✦ Treasury System

Your SA-UK treasury, as one connected system

Most providers handle one piece — a transfer, a forward, an account. WBForex operates these as a single integrated treasury function. Here's how the pieces connect.

  1. From SA supplier or income, funds move to CFC Account via ZAR.
  2. The Treasury Strategy node connects strategically to: CFC Account, Forward Contract, Spot Conversion.
  3. From Letters of Credit, funds move to UK supplier or account via trade finance — advisory or conditional.
  4. From SARB Compliance, funds move to UK supplier or account — advisory or conditional.
  5. From CFC Account, funds move to Forward Contract via hedge layer — advisory or conditional.
  6. From Forward Contract, funds move to UK supplier or account via GBP hedged.
ENTRY
SA supplier or income

ZAR-denominated invoice, dividend, or trade payment

CFC Account

Hold foreign currency in your business name. Convert when rates favour you, not when banks force you.

Forward Contract

Lock in today's rate for payments up to 12 months out. Eliminate ZAR/GBP volatility on your margin.

Spot Conversion

Live mid-market-derived rate, confirmed before commit. No hidden spread.

STRATEGY
Treasury Strategy

Named account manager monitors your exposure, advises on hedge ratios, flags rate windows.

Letters of Credit

Trade finance support for import/export — secure payment on goods delivery.

SARB Compliance

BoP reporting, exchange control category coding, Financial Surveillance liaison — handled.

DESTINATION
UK supplier or account

GBP-denominated payment to supplier, partner, or your own UK account

Active flow— Funds or instruction moving
Strategic— Advisory, optional, or conditional

Every business has a different mix. Some clients use only spot + CFC. Some run forwards across 80% of their flow. Some need full LC support. Your treasury audit identifies which pieces actually fit your operation.

CURRENCY RISK MANAGEMENT

Eliminate Currency Volatility
with Expert Hedging

Don't let Rand volatility erode your import margins. Our Forward Exchange Contracts allow you to lock in today's rate for payments up to 12 months in the future.

ZAR/GBP RATE OVER 12 MONTHS - ILLUSTRATIVE EXAMPLE
24.523.021.520.0JanFebMarAprMayJunJulAugSepOctNovDecMarket rate (volatile)Your locked WBForex rate
Zero Hidden Fees
Transparent margins that beat the Big 4 banks - no surprise charges on settlement.
Flexibility
Tailored draw-down options to match your shipment schedule.
Certainty
Accurate landed-cost calculations from the day you order.
Any currency pair
ZAR/GBP, ZAR/USD, ZAR/EUR - we cover all major pairs.
HEDGE RATIO ADVISORY

Not sure how much to hedge?

We help you determine the optimal hedge ratio based on your shipment cycle - whether that's a conservative 50/50 split (half hedged, half at spot) or an aggressive 70/30 ratio for businesses with predictable import volumes. This moves you from a simple broker relationship to a genuine treasury advisory partnership.

TRADE FINANCE

Streamlined Global Payments
& SARB Compliance

Managing cross-border trade shouldn't be a paperwork nightmare. WBForex acts as your outsourced treasury partner, ensuring every BOP category code is correct and every SARB report is filed on time.

TYPICAL IMPORT/EXPORT TRADE CYCLE
1
Purchase Order
Buyer issues PO to supplier
2
Letter of Credit
WBForex facilitates LC issuance
3
Goods Shipped
Supplier ships & presents docs
4
FX Settlement
WBForex locks rate, settles payment
5
Goods Received
Buyer receives goods & completes cycle
Swift Execution
Same-day or next-day delivery on major currency pairs, so your suppliers are never kept waiting.
BOP Experts
Professional guidance on Balance of Payments reporting - every BOP category code correct, every SARB report filed on time.
CFC Account Strategy
Manage your USD/GBP/EUR export proceeds locally to avoid unnecessary conversion costs.
Letters of Credit
We facilitate LC issuance and advising, giving your supplier confidence that payment is guaranteed on delivery.
TRADE FINANCE LIAISON

We work alongside your bank to facilitate Letters of Credit

WBForex works alongside your bank to facilitate Letters of Credit and ensure your trade finance facilities are optimized for the ZAR/GBP corridor. We coordinate with your SA bank and overseas counterparties so that your import transactions are financially secured from purchase order to delivery - giving your suppliers the confidence that payment is guaranteed.

Letters of Credit (LC)Documentary CollectionsWorking Capital OptimisationSupplier Payment Guarantees
CFC ACCOUNTS

Customer Foreign Currency Accounts

A CFC account lets your SA business hold foreign currency (USD, GBP, EUR) locally - without converting it to rands immediately. This is a powerful tool when the rand is weak: you hold your foreign currency until the rate improves, then convert at the right moment.

Hold until the rate is right

Received USD from an export? Don't convert at today's rate if the rand is temporarily strong. Park it in your CFC account and convert when conditions improve.

Avoid double conversion costs

If you regularly pay overseas suppliers in USD, holding USD in a CFC account eliminates the ZAR-to-USD conversion spread on every payment.

SARB-compliant structure

CFC accounts must be held at an authorised dealer. We advise on the correct structure, reporting obligations, and optimal conversion strategy.

Full CFC Account Advisory Guide
HOW WE COMPARE

Traditional bank vs. WBForex specialist

The difference goes beyond the exchange rate. Here's what you actually get.

FEATUREBIG 4 BANKWBFOREX SPECIALIST
Exchange RateAbove mid-market rate, plus charges
Significantly better than the Big 4
Transfer Speed2-5 business days
Next business day
Account ManagerCall centre rotation
Named consultant, direct line
Forward ContractsAvailable but complex to arrange
Simple, up to 12 months, any amount
SARB ComplianceHandled internally, limited guidance
Full advisory - AIT and FIA managed
CFC Account AdviceRarely offered proactively
Included - hold FX until rate is optimal
Trade FinanceRequires separate trade desk
Integrated with your FX strategy
Minimum TransferOften R50,000+
No minimum

Common questions

Everything you need to know about our business forex and treasury services.

How does a Forward Exchange Contract (FEC) work?

A Forward Exchange Contract lets you lock in today's exchange rate for a payment up to 12 months in the future. You pay a small deposit at the time of booking, and the balance when the contract settles. This protects your margins from currency volatility and gives you certainty when calculating landed costs. WBForex arranges FECs against your real underlying trade flow — typically supplier payments, capital expenditure, or repatriation of export proceeds.

What is a CFC account and how does it benefit my business?

A Customer Foreign Currency (CFC) account is held at an authorised SA dealer and lets your business hold USD, GBP or EUR locally without converting to ZAR. If you receive export proceeds in foreign currency, holding them in a CFC means you avoid double-conversion costs when you next pay an overseas supplier in the same currency. We advise on the correct structure, SARB reporting obligations, and optimal conversion timing.

How does WBForex handle SARB Balance of Payments (BOP) reporting?

Every cross-border business transaction requires a BOP category code that tells SARB the nature of the payment. Getting this wrong delays transfers and creates audit risk. WBForex's team reviews your trade flow, assigns the correct BOP categories, and files the reports through our authorised dealer partner — so your SA bank's exchange control team has everything they need first time.

What size of business do you typically work with?

We work with everything from owner-operated SMEs running R5 to R20 million of annual cross-border flow, through to mid-market importers and exporters with eight-figure annual volumes. There is no minimum transfer size. The named-consultant model means smaller businesses get the same level of attention as our largest corporate clients.

How quickly do business transfers settle?

Spot transfers on major currency pairs (ZAR/GBP, ZAR/USD, ZAR/EUR) settle same-day or next business day once documentation and BOP reporting are complete. FEC settlements happen on the maturity date you select. Letters of Credit follow the documentary timeline agreed with your overseas counterparty.

Is WBForex regulated for business clients?

Yes. WBForex is a Juristic Representative of Beztforex (FSP 44383), authorised by the FSCA in South Africa. Transfers settle through our authorised dealer partner under SARB exchange control. WBForex does not hold client funds at any point.

What's involved in a free Treasury Audit?

Send us your last three months of business bank statements and we'll review the FX margins charged on every transaction, flag any BOP coding errors, and quantify what you'd have saved using WBForex over the same period. The audit is no-obligation and typically takes 48 hours to turn around. It's the simplest way to see whether switching makes sense for your specific flow.

Request a Free
Treasury Audit

In 15 minutes, we review your last 3 bank statements and show you exactly where you leaked money on conversion costs and BOP errors. No obligation - just clarity.

Book a Treasury Audit Get Started
FSCA Authorised (Juristic Rep)
SARB Exchange Control Compliant
5,000+ clients assisted
Good Business Charter
Accredited Member
Juristic Representative
of a FSB Member
Social Impact — WhiteBIRCH Foundation
Scottish Highlands Rewilding Grove · G8230
428
trees planted

Every corporate trade contributes to our goal of carbon neutrality

Through the WhiteBIRCH Foundation, WBForex has planted 428 trees in the Scottish Highlands rewilding grove. We move your capital while protecting the planet — because ethical leadership in the SA–UK corridor means more than just competitive rates.

View our grove on Trees for Life
Progress to 500 trees428 / 500