From the 4 money transfer services available, we found PayPal App (P2P Transfer) to be the cheapest and PayPal App (P2P Transfer) to be the fastest. You can send ZAR via bank transfer and debit card, and you can receive ETB via bank deposit and mobile money.
| 5 of 5 providers Last updated on 10 November 2026 | |||
| Based on 4,300 ZAR transfer Best companies for ZAR/ETB transfers | |||
| Promoted  WorldRemit Pay via Debit card | Fee R 25,00 1 ZAR = 3.2727 ETB +100.24% vs mid-market | Recipient gets ETB 13 991,01 Minutes - 2 days | |
Ways to receive money in Ethiopia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Mobile moneyMinutes - 2 days R 25,001 ZAR = 3.2727 ETB ETB 13 991,01You payR 4 300,00 Bank depositMinutes - 2 days R 35,001 ZAR = 3.2561 ETB ETB 13 887,44You payR 4 300,00 | |||
Run a live search Showing top South Africa to Ethiopia deals for 4,300 ZAR. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live ZAR to ETB rates. | |||
Run a live search These companies offer multi-currency accounts for spending ETB. We suggest doing a live search based on how much ZAR you're planning to spend in Ethiopia. | |||
Run a live search These are managed services with real human support for large ZAR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Send Money Between PayPal Accounts  PayPal App (P2P Transfer) Pay via Bank transfer | Fee R 172,00 1 ZAR = 9.2584 ETB +6.00% vs mid-market | Recipient gets ETB 38 218,60 Minutes | |
Ways to receive money in Ethiopia with PayPal App (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes R 172,001 ZAR = 9.2584 ETB ETB 38 218,60You payR 4 300,00 | |||
| Send cash via a MoneyGram agent  MoneyGram Agent Pay via Bank transfer | Fee R 172,00 1 ZAR = 9.2584 ETB +6.00% vs mid-market | Recipient gets ETB 38 218,60 Minutes - 3 days | |
Ways to receive money in Ethiopia with MoneyGram Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days R 172,001 ZAR = 9.2584 ETB ETB 38 218,60You payR 4 300,00 | |||
| Send cash via a Western Union agent  Western Union Agent Pay via Bank transfer | Fee R 129,00 1 ZAR = 9.1599 ETB +7.00% vs mid-market | Recipient gets ETB 38 205,89 Minutes - 5 days | |
Ways to receive money in Ethiopia with Western Union Agent when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days R 129,001 ZAR = 9.1599 ETB ETB 38 205,89You payR 4 300,00 | |||
| Only available via Mobile App WorldRemit Pay via Debit card | Fee R 25,00 1 ZAR = 3.2727 ETB +100.24% vs mid-market | Recipient gets ETB 13 991,01 Minutes - 2 days | |
Ways to receive money in Ethiopia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Mobile moneyMinutes - 2 days R 25,001 ZAR = 3.2727 ETB ETB 13 991,01You payR 4 300,00 Bank depositMinutes - 2 days R 35,001 ZAR = 3.2561 ETB ETB 13 887,44You payR 4 300,00 | |||
 Mukuru Pay via Debit card | Fee R 6 500,00 1 ZAR = 10.6742 ETB -8.04% vs mid-market | Recipient gets ETB 0,00 Minutes - 2 days | |
Ways to receive money in Ethiopia with Mukuru when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 2 daysAvailable via:Cash ETB R 6 500,001 ZAR = 10.6742 ETB ETB 0,00You payR 4 300,00 Mobile moneyMinutes - 2 daysAvailable via:Telebirr Top-up ETB R 6 501,001 ZAR = 9.2475 ETB ETB 0,00You payR 4 300,00 | |||
| Mukuru Pay via Bank transfer | Fee R 6 500,00 1 ZAR = 10.6742 ETB -8.04% vs mid-market | Recipient gets ETB 0,00 Minutes - 2 days | |
Ways to receive money in Ethiopia with Mukuru when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 2 daysAvailable via:Cash ETB R 6 500,001 ZAR = 10.6742 ETB ETB 0,00You payR 4 300,00 Mobile moneyMinutes - 2 daysAvailable via:Telebirr Top-up ETB R 6 501,001 ZAR = 9.2475 ETB ETB 0,00You payR 4 300,00 | |||
| Mukuru Pay via Cash deposit | Fee R 6 500,00 1 ZAR = 10.6742 ETB -8.04% vs mid-market | Recipient gets ETB 0,00 Minutes - 2 days | |
Ways to receive money in Ethiopia with Mukuru when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickupMinutes - 2 daysAvailable via:Cash ETB R 6 500,001 ZAR = 10.6742 ETB ETB 0,00You payR 4 300,00 Mobile moneyMinutes - 2 daysAvailable via:Telebirr Top-up ETB R 6 501,001 ZAR = 9.2475 ETB ETB 0,00You payR 4 300,00 | |||
| How Our Results Work Mid-market rate: 1 ZAR = 9.8493 ETB Updates every 60 minutes. | |||
Transfer details
For a one-off transfer to Ethiopia, I suggest picking the cheapest option which is PayPal App (P2P Transfer).
PayPal App (P2P Transfer) was the cheapest on 29 of the 29 days it quoted R4,300 transfers to Ethiopia.
On a 4,300 ZAR transfer, PayPal App (P2P Transfer) delivers the most ETB.
The best option will change depending on how much you actually send, so I suggest to get the best ZAR/ETB rate.
You have 2 ways to pay, including bank transfer and debit card.
PayShap is the quickest way to fund your transfer, though it caps at R50,000 a transaction.
Above that you're on a normal EFT, which is same-day or next-day rather than instant.
First time round you'll need your ID and proof of address.
Anything beyond your yearly allowance needs a tax number and clearance from SARS first, so check which side of that line you're on.
How much ZAR you send to Ethiopia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows PayPal App (P2P Transfer) was the cheapest in 100% of all the transfers it quoted over the past month.
| Cheapest service | |||||
|---|---|---|---|---|---|
| R 2 000 | 6.00% | R 80,00 | ETB 17 777,61with bank transfer to bank deposit | +ETB 9 235,88 | |
| R 4 300This page | 6.00% | R 172,00 | ETB 38 218,60with bank transfer to bank deposit | +ETB 19 842,30 | |
| R 4 500 | 6.00% | R 180,00 | ETB 39 995,26with bank transfer to bank deposit | +ETB 20 763,62 | |
| R 5 000 | 6.00% | R 200,00 | ETB 44 407,19with bank transfer to bank deposit | +ETB 23 051,59 | |
| R 50 000 | 0.27% | R 0,00 | ETB 490 755,07with bank transfer to bank deposit | +ETB 163 597,45 | |
| R 100 000 | 0.27% | R 0,00 | ETB 981 928,81with bank transfer to bank deposit | +ETB 327 363,32 | |
| R 130 000 | 0.27% | R 0,00 | ETB 1 276 379,63with bank transfer to bank deposit | +ETB 425 451,93 |
Mid-market rate: 1 ZAR = 9.8493 ETB
The cheapest way to send ZAR to ETB can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's PayPal App (P2P Transfer)), across 30 days of comparisons for 4,300 ZAR transfers to Ethiopia.
Tue, 10 Nov 2026Mid-market rateETB 42 352,17 PayPal App (P2P Transfer) ETB 38 218,60PayPal App (P2P Transfer)ETB 38 218,60MoneyGram AgentETB 38 218,60Western Union AgentETB 38 205,89
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8359 | – | ETB 42 294,22 | |
| PayPal App (P2P Transfer) Cheapest | 9.2457 | R 172,00 | ETB 38 166,30 | −ETB 4 127,92 |
| MoneyGram Agent | 9.2457 | R 172,00 | ETB 38 166,30 | −ETB 4 127,92 |
| | 9.1474 | R 129,00 | ETB 38 153,62 | −ETB 4 140,60 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9085 | – | ETB 42 606,35 | |
| PayPal App (P2P Transfer) Cheapest | 9.3139 | R 172,00 | ETB 38 447,97 | −ETB 4 158,38 |
| MoneyGram Agent | 9.3139 | R 172,00 | ETB 38 447,97 | −ETB 4 158,38 |
| | 9.2149 | R 129,00 | ETB 38 435,19 | −ETB 4 171,16 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8965 | – | ETB 42 554,80 | |
| PayPal App (P2P Transfer) Cheapest | 9.3027 | R 172,00 | ETB 38 401,45 | −ETB 4 153,35 |
| MoneyGram Agent | 9.3027 | R 172,00 | ETB 38 401,45 | −ETB 4 153,35 |
| | 9.2037 | R 129,00 | ETB 38 388,69 | −ETB 4 166,11 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.7123 | – | ETB 41 762,88 | |
| PayPal App (P2P Transfer) Cheapest | 9.1296 | R 172,00 | ETB 37 686,82 | −ETB 4 076,06 |
| MoneyGram Agent | 9.1296 | R 172,00 | ETB 37 686,82 | −ETB 4 076,06 |
| | 9.0324 | R 129,00 | ETB 37 674,30 | −ETB 4 088,58 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9214 | – | ETB 42 662,23 | |
| PayPal App (P2P Transfer) Cheapest | 9.3262 | R 172,00 | ETB 38 498,40 | −ETB 4 163,83 |
| MoneyGram Agent | 9.3262 | R 172,00 | ETB 38 498,40 | −ETB 4 163,83 |
| | 9.2269 | R 129,00 | ETB 38 485,60 | −ETB 4 176,63 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9180 | – | ETB 42 647,52 | |
| PayPal App (P2P Transfer) Cheapest | 9.3229 | R 172,00 | ETB 38 485,12 | −ETB 4 162,40 |
| MoneyGram Agent | 9.3229 | R 172,00 | ETB 38 485,12 | −ETB 4 162,40 |
| | 9.2238 | R 129,00 | ETB 38 472,32 | −ETB 4 175,20 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9179 | – | ETB 42 646,91 | |
| PayPal App (P2P Transfer) Cheapest | 9.3228 | R 172,00 | ETB 38 484,58 | −ETB 4 162,33 |
| MoneyGram Agent | 9.3228 | R 172,00 | ETB 38 484,58 | −ETB 4 162,33 |
| | 9.2236 | R 129,00 | ETB 38 471,78 | −ETB 4 175,13 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9557 | – | ETB 42 809,60 | |
| PayPal App (P2P Transfer) Cheapest | 9.3584 | R 172,00 | ETB 38 631,38 | −ETB 4 178,22 |
| MoneyGram Agent | 9.3584 | R 172,00 | ETB 38 631,38 | −ETB 4 178,22 |
| | 9.2588 | R 129,00 | ETB 38 618,54 | −ETB 4 191,06 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.7976 | – | ETB 42 129,48 | |
| PayPal App (P2P Transfer) Cheapest | 9.2097 | R 172,00 | ETB 38 017,64 | −ETB 4 111,84 |
| MoneyGram Agent | 9.2097 | R 172,00 | ETB 38 017,64 | −ETB 4 111,84 |
| | 9.1117 | R 129,00 | ETB 38 005,01 | −ETB 4 124,47 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9385 | – | ETB 42 735,58 | |
| PayPal App (P2P Transfer) Cheapest | 9.3422 | R 172,00 | ETB 38 564,59 | −ETB 4 170,99 |
| MoneyGram Agent | 9.3422 | R 172,00 | ETB 38 564,59 | −ETB 4 170,99 |
| | 9.2428 | R 129,00 | ETB 38 551,77 | −ETB 4 183,81 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9758 | – | ETB 42 895,77 | |
| | 3.2658 | R 25,00 | ETB 13 961,47 | −ETB 28 934,30 |
| PayPal App (P2P Transfer) No quote collected this day | – | – | – | – |
| MoneyGram Agent No quote collected this day | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9127 | – | ETB 42 624,76 | |
| PayPal App (P2P Transfer) Cheapest | 9.3180 | R 172,00 | ETB 38 464,59 | −ETB 4 160,17 |
| MoneyGram Agent | 9.3180 | R 172,00 | ETB 38 464,59 | −ETB 4 160,17 |
| | 9.2188 | R 129,00 | ETB 38 451,80 | −ETB 4 172,96 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8070 | – | ETB 42 170,01 | |
| PayPal App (P2P Transfer) Cheapest | 9.2186 | R 172,00 | ETB 38 054,22 | −ETB 4 115,79 |
| MoneyGram Agent | 9.2186 | R 172,00 | ETB 38 054,22 | −ETB 4 115,79 |
| | 9.1205 | R 129,00 | ETB 38 041,57 | −ETB 4 128,44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8070 | – | ETB 42 170,01 | |
| PayPal App (P2P Transfer) Cheapest | 9.2186 | R 172,00 | ETB 38 054,22 | −ETB 4 115,79 |
| MoneyGram Agent | 9.2186 | R 172,00 | ETB 38 054,22 | −ETB 4 115,79 |
| | 9.1205 | R 129,00 | ETB 38 041,57 | −ETB 4 128,44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.7723 | – | ETB 42 020,72 | |
| PayPal App (P2P Transfer) Cheapest | 9.1859 | R 172,00 | ETB 37 919,50 | −ETB 4 101,22 |
| MoneyGram Agent | 9.1859 | R 172,00 | ETB 37 919,50 | −ETB 4 101,22 |
| | 9.0882 | R 129,00 | ETB 37 906,89 | −ETB 4 113,83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8650 | – | ETB 42 419,35 | |
| PayPal App (P2P Transfer) Cheapest | 9.2731 | R 172,00 | ETB 38 279,22 | −ETB 4 140,13 |
| MoneyGram Agent | 9.2731 | R 172,00 | ETB 38 279,22 | −ETB 4 140,13 |
| | 9.1744 | R 129,00 | ETB 38 266,50 | −ETB 4 152,85 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.7803 | – | ETB 42 055,32 | |
| PayPal App (P2P Transfer) Cheapest | 9.1935 | R 172,00 | ETB 37 950,72 | −ETB 4 104,60 |
| MoneyGram Agent | 9.1935 | R 172,00 | ETB 37 950,72 | −ETB 4 104,60 |
| | 9.0957 | R 129,00 | ETB 37 938,10 | −ETB 4 117,22 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8317 | – | ETB 42 276,40 | |
| PayPal App (P2P Transfer) Cheapest | 9.2418 | R 172,00 | ETB 38 150,22 | −ETB 4 126,18 |
| MoneyGram Agent | 9.2418 | R 172,00 | ETB 38 150,22 | −ETB 4 126,18 |
| | 9.1435 | R 129,00 | ETB 38 137,54 | −ETB 4 138,86 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.6937 | – | ETB 41 682,82 | |
| PayPal App (P2P Transfer) Cheapest | 9.1121 | R 172,00 | ETB 37 614,57 | −ETB 4 068,25 |
| MoneyGram Agent | 9.1121 | R 172,00 | ETB 37 614,57 | −ETB 4 068,25 |
| | 9.0151 | R 129,00 | ETB 37 602,07 | −ETB 4 080,75 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.6438 | – | ETB 41 468,33 | |
| PayPal App (P2P Transfer) Cheapest | 9.0652 | R 172,00 | ETB 37 421,02 | −ETB 4 047,31 |
| MoneyGram Agent | 9.0652 | R 172,00 | ETB 37 421,02 | −ETB 4 047,31 |
| | 8.9687 | R 129,00 | ETB 37 408,58 | −ETB 4 059,75 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.6438 | – | ETB 41 468,33 | |
| PayPal App (P2P Transfer) Cheapest | 9.0652 | R 172,00 | ETB 37 421,02 | −ETB 4 047,31 |
| MoneyGram Agent | 9.0652 | R 172,00 | ETB 37 421,02 | −ETB 4 047,31 |
| | 8.9687 | R 129,00 | ETB 37 408,58 | −ETB 4 059,75 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.7050 | – | ETB 41 731,57 | |
| PayPal App (P2P Transfer) Cheapest | 9.1227 | R 172,00 | ETB 37 658,57 | −ETB 4 073,00 |
| MoneyGram Agent | 9.1227 | R 172,00 | ETB 37 658,57 | −ETB 4 073,00 |
| | 9.0257 | R 129,00 | ETB 37 646,05 | −ETB 4 085,52 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.7745 | – | ETB 42 030,16 | |
| PayPal App (P2P Transfer) Cheapest | 9.1880 | R 172,00 | ETB 37 928,01 | −ETB 4 102,15 |
| MoneyGram Agent | 9.1880 | R 172,00 | ETB 37 928,01 | −ETB 4 102,15 |
| | 9.0902 | R 129,00 | ETB 37 915,40 | −ETB 4 114,76 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8605 | – | ETB 42 400,24 | |
| PayPal App (P2P Transfer) Cheapest | 9.2689 | R 172,00 | ETB 38 261,98 | −ETB 4 138,26 |
| MoneyGram Agent | 9.2689 | R 172,00 | ETB 38 261,98 | −ETB 4 138,26 |
| | 9.1703 | R 129,00 | ETB 38 249,26 | −ETB 4 150,98 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 10.0317 | – | ETB 43 136,18 | |
| PayPal App (P2P Transfer) Cheapest | 9.4298 | R 172,00 | ETB 38 926,09 | −ETB 4 210,09 |
| MoneyGram Agent | 9.4298 | R 172,00 | ETB 38 926,09 | −ETB 4 210,09 |
| | 9.3295 | R 129,00 | ETB 38 913,15 | −ETB 4 223,03 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9402 | – | ETB 42 742,83 | |
| PayPal App (P2P Transfer) Cheapest | 9.3438 | R 172,00 | ETB 38 571,13 | −ETB 4 171,70 |
| MoneyGram Agent | 9.3438 | R 172,00 | ETB 38 571,13 | −ETB 4 171,70 |
| | 9.2444 | R 129,00 | ETB 38 558,31 | −ETB 4 184,52 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.7590 | – | ETB 41 963,73 | |
| PayPal App (P2P Transfer) Cheapest | 9.1735 | R 172,00 | ETB 37 868,07 | −ETB 4 095,66 |
| MoneyGram Agent | 9.1735 | R 172,00 | ETB 37 868,07 | −ETB 4 095,66 |
| | 9.0759 | R 129,00 | ETB 37 855,48 | −ETB 4 108,25 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9552 | – | ETB 42 807,50 | |
| PayPal App (P2P Transfer) Cheapest | 9.3579 | R 172,00 | ETB 38 629,49 | −ETB 4 178,01 |
| MoneyGram Agent | 9.3579 | R 172,00 | ETB 38 629,49 | −ETB 4 178,01 |
| | 9.2584 | R 129,00 | ETB 38 616,65 | −ETB 4 190,85 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.9688 | – | ETB 42 866,03 | |
| PayPal App (P2P Transfer) Cheapest | 9.3707 | R 172,00 | ETB 38 682,30 | −ETB 4 183,73 |
| MoneyGram Agent | 9.3707 | R 172,00 | ETB 38 682,30 | −ETB 4 183,73 |
| | 9.2710 | R 129,00 | ETB 38 669,44 | −ETB 4 196,59 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 9.8493 | – | ETB 42 352,17 | |
| PayPal App (P2P Transfer) Cheapest | 9.2584 | R 172,00 | ETB 38 218,60 | −ETB 4 133,57 |
| MoneyGram Agent | 9.2584 | R 172,00 | ETB 38 218,60 | −ETB 4 133,57 |
| | 9.1599 | R 129,00 | ETB 38 205,89 | −ETB 4 146,28 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 9.8493 | – | ETB 42 352,17 | |
|---|---|---|---|---|
| PayPal App (P2P Transfer) | ||||
| MoneyGram Agent | ||||
| | ||||
| |
Each line shows what the recipient gets when you send R 4 300, after fees, as quoted by each company. The mid-market line shows what R 4 300 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more ETB per ZAR than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of ETB on every transfer from South Africa.
Right now, PayPal App (P2P Transfer) pays 38,218.60 ETB on 4,300 ZAR, which is 4,133.57 ETB less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 38,926.09 ETB.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Ethiopia.
We've tracked 206 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.
Cheapest every time
Never the cheapest
Never the cheapest
Based on 49 comparisons across 7 amounts over the last 7 days.
Cheapest every time
Never the cheapest
Never the cheapest
Based on 206 comparisons across 7 amounts over the last 30 days.
Cheapest every time
Never the cheapest
Never the cheapest
Based on 344 comparisons across 7 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today PayPal App (P2P Transfer) is the cheapest and gets you the most ETB, and it was also the cheapest in 100% of the 113 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Ethiopia.
MoneyGram Agent (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Ethiopia.
4 companies send money from South Africa to Ethiopia.
Frequent transfers from South Africa
Apps and online services are best for recurring transfers to Ethiopia.
WorldRemit is the cheapest option.
It will get you 13,991.01 ETB on a R4,300 transfer.
For fast transfers, WorldRemit is a good option, it will deliver ETB in minutes - 2 days.
In our comparisons over the past month, it was the cheapest online service on 23 of the 23 days it quoted.
Most companies will let you fund your transfer by EFT, and will ask for your FICA details.
Emigration and large transfers
Currency brokers are great for large transfers from South Africa to Ethiopia.
They have no fees and add a markup on top of ZAR/ETB rate.
I suggest getting a few ZAR/ETB quotes from your bank and Regency FX and picking the best one.
Also, don’t forget about the R2 million limits on transfers from South Africa (more below).
For business payments abroad
With PayPal App (P2P Transfer), paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending R4,300 gives your recipient 38,218.60 ETB.
You can fund the transfer with bank transfer and debit card.
To receive ETB in Ethiopia, your recipient can use bank deposit and mobile money.
You pay R4,300.00
Br38,219
Cheapest
You pay R4,300.00
Br13,991
-Br24,228
You pay R4,300.00
Br13,887
-Br24,331
South African exchange control dictates how much you can move and which paperwork you need. The exchange-rate margin then decides whether a bank, an online money transfer company or a forex specialist is cheaper.
For a ZAR 4,300 transfer to Ethiopia, the current best options are:
The cheapest option is PayPal App (P2P Transfer), funded by bank transfer with bank deposit for the payout. Your recipient gets 38,218.60 ETB, which is 0% more than the next best option.
The fastest option is PayPal App (P2P Transfer), funded by bank transfer with bank deposit for the payout. Your recipient gets 38,218.60 ETB in minutes.
South African residents aged 18 or older can use the single discretionary allowance to transfer up to R2 million per calendar year for legal purposes abroad without a SARS tax-compliance PIN.
A further foreign capital allowance of up to R10 million is available with an Approval International Transfer PIN from SARS.
Amounts above the allowances need specific approval through an authorised dealer.
The allowances cover more than money transfers.
Foreign card spending and other qualifying use can reduce what remains, so check your year-to-date total before making payments.
The SARB Financial Surveillance guidance explains how the allowances can be used.
Every legal cross-border payment in rand passes through an authorised dealer and carries a balance-of-payments purpose code.
A bank, transfer company or forex specialist may handle the form, but you are still responsible for giving the right reason.
Keep any relevant documents on hand, such as the property sale agreement, emigration documents, tuition invoice, proof of savings, etc.
For an emigration transfer, a specialist service can be useful because the AIT paperwork matters as much as the rate.
For the 2026/27 tax year, a natural person can make up to R150,000 of donations each year before donations tax applies.
The donor generally pays 20% on taxable donations up to the first R30 million of cumulative taxable gifts.
Payments between spouses and reasonable maintenance payments can be exempt.
A large family transfer should be classified before sending, rather than treated as tax-free because the recipient lives abroad.
Search the company or its FSP number in the FSCA register.
Never move a transfer to crypto or a personal account to bypass exchange control.
Keep the quote, purpose-code confirmation and proof of payment until the recipient has the money.
Every rand that leaves South Africa goes through an authorised dealer, and every company here is FSCA-registered.
We track 4 of them on ZAR to Ethiopia, comparing rates, fees and the pay-in and payout options in real time on live comparisons.
In the past 30 days alone, we analysed 206 comparisons across 7 amounts.
This page covers the cheapest and fastest options for ZAR/ETB transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
Nothing appears without passing our review.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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