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Omnibus Travel Allowance

The Omnibus Travel Allowance is for South African companies requiring a travel allowance in excess of the usual limits for private individual travel.

Businesses may utilize the below Omnibus Travel Allowance per calendar year:

  • R 2,000,000 per calendar year

The South African Reserve Bank (SARB) allows companies to apply to exceed the above limits.

This travel allowance can be used by company staff and can only be taken out as foreign currency cash or travellers cheques.

This allowance cannot be transferred directly into an overseas bank account in the name of the traveller.

Exchange4free require an original letter on a company letterhead with the following information:

  • Names of travellers and designation within the company
  • The number of proposed trips per person
  • Countries to be visited
  • Amount per person per year
  • Brief motivation explaining the reasons why the company requires the additional travel funds

Authorisation for the Omnibus Travel Allowance will be granted a travel allowance in the name of the company.

 

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