Residents who wish to transfer funds of in excess of their 1 million annual discretionary allowance can make use of the annual investment allowance of 10 million rand per adult.
Why is there a 10 million rand investment allowance?
For those of you not aware South Africa has in place exchange control. Exchange control governs, in part, whatamount of money a South African resident may transfer abroad each calender year.
In this case the regulations stipulate a Ten Million Rand Investment Allowance per calender year for adults.