Web5 Things You Need To Know About Blocked Rand Accounts Once you’ve emigrated financially and become a South African non-resident, your bank account will be converted to a Blocked Rand Account. Here’s what that means, and five things every future expat needs to know about non-resident bank accounts in South Africa. WebThe South African financial rand was the most visible part of a system of capital controls.Although the financial rand was abolished in March 1995, some capital controls remain in place. These capital controls are locally referred to as "exchange controls", although the system has since 1995 moved towards surveillance — recording and …

How To: Open a Blocked Rand Account Accounting, Africa, South …

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