QUESTION 5 1. Which of the following statements relating to exchange control are correct? (i) A South African registered company has a single discretionary allowance of R1 million per calendar year. (ii) The study allowance for a natural person, who is a South African resident and is going abroad to study, forms part of the persons single discretionary allowance. (iii) A natural person travelling from South Africa, by air, to the United Kingdom, for a holiday may not purchase foreign currency to be used as spending money while there, more than 60 days before their departure date. a. (ii) b. (ii) and (iii) c. (i) and (iii) d. (i), (ii) and (iii) e. None of the above