Travelex Retail foreign Exchange Revenue and Competitors

Travelex Retail is the world’s largest retail foreign exchange network,with over 720 branches providing travellers with currency services at airport, sea and rail gateways, high street branches and key tourist areas. Travelex Retail Foreign Exchange is operated as a brand franchise in South Africa by FX Africa Foreign Exchange. FX Africa Foreign Exchange is one of the largest specialised foreign exchange businesses in South Africa. The company is licensed by the South African Reserve Bank to trade in certain foreign exchange products and services. 50.1% of the issued share capital of FX Africa Foreign Exchange is held by the Thebe Tourism Group, a subsidiary of Thebe Investment Corporation. Thebe is one of the oldest broad based black economic empowerment companies in South Africa. Since 2001, FX Africa has grown from 2 branches to over 35 around South Africa FX Africa is looking to expand further into the South African market, particularly in mainstream shopping centres, and to gain larger corporate accounts. The company is also a proud sponsor of one of Western Province’s rugby players, Schalk Burger.