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Terms and Conditions

Welcome to the www.sfx.co.za, www.riasikhona.co.za, www.sikhona.co.za website (the “Website”) and the mobile application (the “App”), together (the “Application”), home of the Sikhona Forex (Pty) Ltd with registration number 2008/008796/07 and registered office at 3rd Floor, Protea Place, Protea Road, Claremont, Cape Town, 7735. Our services described below were created to assist individuals such as yourself to send money to family and friends around the world. Subject to these Terms of Use and applicable laws and regulations, this Application is operated in South Africa by Sikhona Forex (Pty) Ltd under the brand name of Ria Sikhona Money Transfer for the sending service subject to these Terms of Use and applicable law.

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These Terms and Conditions and our Privacy Policy constitute a binding agreement between you (“You”, the “Sender”, the “User”, the “Registered User”) and Sikhona Forex(Pty) Ltd .

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These Terms and Conditions govern the terms under which You use the Application and the Ria Sikhona Money Transfer Service . Your continued use of the Application or/and the clicking of the “Submit” button when registering to use the Ria Sikhona Money Transfer Service shall serve as proof that the User or the Registered User has accepted these Terms and Conditions. For the avoidance of doubt, our obligations under these Terms and Conditions are conditional upon our acceptance, which is at our sole discretion and we reserve the right to decline to provide our service to you without specifying a reason. You are responsible for any fees that Your phone/device service provider charges, such as fees for SMS, data services, and any other fees that Your phone/device service provider may charge You to access to the Application.

1. ​Definitions - Interpretation

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  • In this Terms and Conditions, unless the context indicates otherwise, the following words shall bear the following meanings:

    • “Adverse Media” means any negative information about the customer or business discovered in various media sources.

    • “Agreement” means these Terms and Conditions governing the offering of Money Transfer Transactions and/or any other products or services of Sikhona Forex (Pty) Ltd as well as any annexures thereto which may be updated from time to time.

    • “Financial Institution” means a company which is engaged in the business of dealing with monetary transactions, such as deposits, loans, investments, payments and currency exchange.

    • “FIC” means South Africa’s Financial Intelligence Centre which was established to administer the Financial Intelligence Centre Act.

    • “FICA” means the Financial Intelligence Centre Act No 38 of 2001.

    • “FSB” means the Financial Services Board, an independent institution established in terms of the Financial Advisory and Intermediary Services Act No 37 of 2002 to oversee the South African Non-Banking Financial Services Industry in the public interest.

    • “Indemnified Parties “means Sikhona Forex (Pty) Ltd, its affiliates and the respective shareholders, directors, officers, employees, contractors, consultants, and agents from time to time and any entities, associates or affiliates related to Sikhona Forex (Pty) Ltd, including their respective officers, employees, contractors, consultants, successors, assigns and agents from time to time.

    • “Intellectual Property Rights “means intellectual property whether protected by common law, international treaty, the Geneva Convention or under statute including (without limitation) copyright, all rights in relation to inventions (including registered, pending and applied for patents), plant and animal varieties, plant and animal breeders, registered and unregistered trademarks, registered and unregistered designs including drawings, circuit layouts and all other rights resulting from intellectual activity in the industrial, scientific, literary or artistic fields anywhere in the world;

    • “KYC” means “Know Your Customer” which is the process of a business identifying and verifying the identity of its clients.

    •  “Legal Age” means the age at which a Person is considered legally responsible for their actions and decisions and therefore has the legal capacity to enter into a binding agreement.

    • “Legal Tender” means the denomination of a country’s currency that, by law, must be accepted as a medium for commercial exchange and payment for a money debt.

    • “Mobile Application” means the software application designed to be operated on a mobile device.

    • “Money Transfer Transaction” means the transmission of funds via the Ria Sikhona Money Transfer Service to a designated Recipient pursuant to an instruction received from a Sender.

    • “Pay-Out Partner” means an entity appointed by Sikhona Forex (Pty) Ltd to pay out a Money Transfer Transaction in the country identified in the Sender’s payment instructions when initiating a Money Transfer Transaction.

    • “Person” means and includes  a natural person (an individual).  

    • “POPI” means Protection of Personal Information Act (or POPI Act). POPI seeks to regulate the Processing of Personal Information.

    • “Receiving Amount” means the amount designated by the Sender when initiating the Money Transfer Transaction (minus the Ria Sikhona Money Transfer Service Fee) and the amount which is paid to the Recipient in Receiving Currency (following the conversion using the exchange rate accepted by the Sender).

    • “Receiving Currency” means the Legal Tender recognised in the country in which the Recipient resides.

    • “Recipient” means the Person who is designated by the Sender as the beneficiary of the Money Transfer Transaction and who is paid the Receiving Amount in Receiving Currency by a designated Pay-Out Partner.

    • “Sikhona Forex (Pty) Ltd” means Sikhona Forex (Pty) Ltd or any entity controlling or controlled by Sikhona Forex (Pty) Ltd (an “Affiliate”) from time to time which is contracted to register new customers as Registered Users of the Ria Sikhona Money Transfer Serviceand/or create orders for Money Transfer Transactions for Senders and/or accept payment in settlement of created orders from Senders and/or pay out Money Transfer Transactions to Recipients on behalf of Sikhona Forex (Pty) Ltd.

    • “Sikhona Forex (Pty) Ltd Agent” means an agent of Sikhona Forex (Pty) Ltd from time to time which is contracted to register new customers as Registered users of the Ria Sikhona Money Transfer Serviceand/or accept payment in settlement of created orders from Senders

    • “Ria Sikhona Money Transfer Service” means the international money transfer service operated by Sikhona Forex (Pty) Ltd which provides Registered Users in South Africa with the ability to initiate money transfers to designated recipients outside South Africa.

    • “Ria Sikhona Money Transfer Service Fee” means the fee paid by a Sender when creating an order for a Money Transfer Transaction.

    • “Sender”, “You”, ‘’Registered User’’ or ‘’User’’ means, where applicable, the Person who is a registered user of the Ria Sikhona Money Transfer Service and who initiates a Money Transfer Transaction for the benefit of the Recipient.

    • “SARB” means the South African Reserve Bank, the central bank of South Africa.

    • “South Africa” means the Republic of South Africa.

    • the terms “You” and “Your” refer, where applicable, to the Person reading these Terms of Use or the Person who is or makes the necessary steps to become a Registered User of the Ria Sikhona Money Transfer Service.

    • ‘’Website’’ means the Sikhona Forex (Pty) Ltd website at www.sfx.co.za, www.riasikhona.co.za, www.sikhona.co.za

    • the terms ‘’We’’ and ‘’Us’’ refer to, where applicable,  Sikhona Forex (Pty) Ltd, its affiliates and the respective shareholders, affiliates, officers, directors, employees, agents, successors and assigns or any subsidiary of a holding company of Sikhona Forex (Pty) Ltd from time to time which is contracted to register new customers as users of the Ria Sikhona Money Transfer Service.   

  • clause headings are for the purposes of convenience and reference only and shall not be used in the interpretation of, nor modify nor amplify, any of the provisions of this agreement.

  • all the schedules and/or annexures hereto are incorporated herein and shall have the same force and effect as if they were set out in the body of this agreement.

  • words and/or expressions defined in this agreement shall bear the same meanings in any schedules and/or annexes hereto which do not contain their own defined words and/or expressions.

  • where a period consisting of several days is prescribed, it shall be determined by excluding the first and including the last day.

  • where the day upon or by which any act is required to be performed is not a business day, the parties shall be deemed to have intended such act to be performed upon or by the first day thereafter which is a business day.

  • if figures are referred to in numerals and words, the words shall prevail in the event of any conflict between the two.

  • words and/or expressions defined in any clause in the body of this agreement shall, unless the application of such word and/or expression is specifically limited to that clause, bear the meaning so assigned to it throughout this agreement.

  • a reference to any statutory enactment shall be construed as a reference to that enactment as at the signature date and as amended or re-enacted from time to time thereafter.

  • the expiration or termination of this agreement shall not affect such of its provisions as expressly provide that they will continue to apply after such expiration or termination or which of necessity must continue to apply after such expiration or termination; and

  • any communication which is required to be “in writing” shall include a communication which is sent via email.

2. Provision of Services

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  • We provide the Ria Sikhona Money Transfer Service to You.

  • The User must register to become Registered User of the Ria Sikhona Money Transfer Service using the Application to provide various Personal Data.

  • Once the User is successfully registered to become a Registered User,  the Registered User can use the Ria Sikhona Money Transfer Service for Money Transfer Transactions.

  • As stated in Section 4. Privacy, You will need to submit certain personal data when registering as a User of the Ria Sikhona Money Transfer Service to ensure compliance with any applicable law, FIC, and where applicable the Sikhona Forex(Pty) Ltd KYC Policy and, where applicable, Sikhona Forex (Pty) Ltd Agent’s KYC Policy.

  • Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent will verify Your Personal Data to confirm Your identity.

  • You hereby agree and authorize Us to do the verification check and make any enquiries considered necessary to validate the information that You have provided.

3. Provisions relating to you as user ​

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  • Only Persons who attained at least the Legal Age as established in the country may register as a User or a Registered User of the Ria Sikhona Money Transfer Service. By registering to the Ria Sikhona Money Transfer Service, You represent and warrant that You are at  least of a Legal Age to form a binding agreement with Sikhona Forex (Pty) Ltd/ Sikhona Forex (Pty) Ltd Agent.

  • We recommend that Your designated Recipient is of Legal Age to form a binding agreement. If Your designated Recipient is below the Legal Age to form a binding agreement, You agree to indemnify and hold harmless the Indemnified Parties from and against any claims, liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys’ fees) resulting from Your designated Recipient being below the Legal Age to form a binding agreement.

  • For security reasons, Sikhona Forex (Pty) Ltd recommends that You only send money through the Ria Sikhona Money Transfer Service to a Person You know personally. You must not use the Ria Sikhona Money Transfer Service to send money to a Person You don’t know personally as for example, sellers of goods and/or services whether private or retail.

  • You agree to immediately notify Us or our Affiliate if there is any breach of security. You agree that You are only allowed to create and maintain (1) one Registered User account (the “Sikhona Account”).

  • Sikhona Forex (Pty) Ltd or its Affiliate reserves the right, in its sole discretion, to disable/suspend Your Sikhona Account for any or no reason, including if, in Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent’s opinion, You have failed to comply with any provision of these Terms and Conditions or any applicable law or regulation.

  • You declare that by registering as a User of the Ria Sikhona Money Transfer Service and by initiating a Money Transfer Transaction:

  • You have read these Terms and Conditions in its entirety and You know, understand and agree with the contents thereof.

  • all information furnished by You to Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent whether directly or indirectly is true and correct in all respects.

  • You have been informed of any limits which may be applicable to the confirmed Money Transfer Transaction and You confirm that any such limit, if applicable, will not be exceeded because of the conclusion of such Money Transfer Transaction.

  • You confirm that You will only use the Sikhona Forex (Pty) Ltd/ Sikhona Forex (Pty) Ltd Services for personal use and not for commercial use.

4. Privacy 

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  • Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent may disclose Your Personal Data if required to do so as per our Privacy Policy with our affiliates or any third party when necessary. You are strongly encouraged to read our Privacy Policy at www.sfx.co.za, www.riasikhona.co.za, www.sikhona.co.za

  • To register as a Recipient of the Ria Sikhona Money Transfer Service, You will be required to provide certain information as the proof of identity in the form of an Identity Document, passport or other sufficient proof of identity (the “Personal Data”) to enable Your identity to be verified and to ensure compliance with FIC and the internal KYC policies of Sikhona Forex (Pty) Ltd and the Sikhona Forex (Pty) Ltd Agent, where applicable. All documents confirming such personal data are referred to as KYC documents. You acknowledge that all personal data, information and documentation which You provide to Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent, whether directly or indirectly, during the registration process and at all other times will be true, accurate, current, and complete. You also agree that You will ensure that this information and documentation is kept accurate and up to date at all times. If, at any time, Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent has reason to believe that the information or documentation provided is false or altered in any way, Your Sikhona Account will be closed immediately, and the relevant authority notified.

  • You acknowledge that the FIC, or any other regulator may, at any time, request Your personal data, information and documentation from Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent in respect of a FIC audit or on any other grounds and that Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent, whichever is applicable, is obliged to and will provide the FIC or any other regulator with such personal data, information and documentation upon request.

  • With your access and/or use of the Application, You agree and acknowledge  (i) to the processing of any Personal Data provided under this form, and during the execution of the service rendered by from Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent; and (ii) to the communication of Your personal data to any unaffiliated Person, company, or entity that performs services for Us (the “Third-Party Providers”) and from Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent Affiliates, whether located in South Africa or other countries. In any case, We will make sure that We will maintain an adequate level of security and that Your rights will not be affected by the transfer to any other country. Any transfer of Your personal data to any other country or to any Affiliate will be in order to ensure that Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent or any Affiliate can handle Your transaction order and comply with any legal obligations. The processing of Your Personal Data is necessary to perform the money transfer service and without such data the contracted service cannot be provided.

  • You may exercise any of Your rights, such as access, rectification, erasure and restriction of processing by sending an email to dpo@euronetworldwide.com with copy to compliance@sfx.co.za. 

5. Single Discretionary Allowance 

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  • South African residents who have attained the Legal Age and older may be permitted to avail of a Single Discretionary Allowance within an overall limit of R1,000,000.00 (ONE MILLION RAND) per Person per calendar year without the requirement to obtain a tax clearance certificate in respect of foreign investments from the South African Revenue Service. South African students under the Legal Age may be permitted to avail of a Single Discretionary Allowance within an overall limit of R200,000.00 (TWO HUNDRED THOUSAND RAND) per Person per calendar year.

  • The single discretionary allowance includes the services of money transfer and travel.

  • It is Your responsibility to ensure that You do not exceed Your Single Discretionary Allowance.

  • The Single Discretionary Allowance is valid from 1st of January to 31st of December each year and resets on the 1st of January every year.

  • By agreeing to these Terms and Conditions, You assume responsibility for not exceeding Your Single Discretionary Allowance while using the Ria Sikhona Money Transfer Service or any other Financial Institution to transfer funds out of South Africa.

6. Reporting to Regulators

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  • Every Money Transfer Transaction successfully completed via the Ria Sikhona Money Transfer Service must be reported to SARB (South African Reserve Bank). This report includes the personal details of the Sender and the Recipient and the details of the completed Money Transfer Transaction (order, payment, pay-out).

  • When compiling the report, the Sender’s personal details are obtained from the Know Your Client (“KYC”) documents submitted upon registration.

  • By submitting Your KYC documents and using the Ria Sikhona Money Transfer Service, You agree to allow Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent to use Your personal details as reflected on the KYC documents when submitting the prescribed reports to SARB.

  • Sikhona Forex (Pty) Ltd holds the right, in its sole discretion, to perform adverse media searches as part of our customer and partner on-boarding program.

  • Sikhona Forex (Pty) Ltd will send customer and transactional information to the Financial Intelligence Centre as part of a regulatory requirement.

  • Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent will not be responsible for any legal proceedings of any kind brought against You by any private, Person, entity, government or financial institution or body of any kind, due to the information that it has passed on to these institutions or bodies.

  • For further information, please visit www.resbank.co.za

7. Processing of Instructions

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  • After We have verified Your identity, completed a screening for proper compliance with the various applicable laws and regulations, and received payment of the amount of the money transfer and the Ria Sikhona Money Transfer Service Fee from You, the Receiving Amount will be made available for collection by Your designated Recipient after concluding the necessary compliance obligations including but not limited to sanction screening of designated beneficiary from a Pay-Out Partner or deposited into Your designated Recipient’s bank account in the destination country. We will attempt to process Money Transfer Transactions promptly, but any Money Transfer Transaction may be delayed or cancelled for a number of reasons, including, without limitation, its efforts to verify Your identity, compliance with applicable law or variations in business hours and currency availability.

  • We may, in our sole discretion, refuse Transactions from certain Senders or to certain Recipients including, without limitation, Persons on restricted or prohibited lists.

  • We are not liable and cannot be held liable for:

  • any delay in payment of the Receiving Amount to the Recipient.

  • If the exchange rate fluctuates, We are in no way liable for any perceived or real historical loss in value of the Receiving Amount.

  • the unavailability of Receiving Currency in the Recipient’s country of residence – the Recipient will be given the option to wait until the Receiving Currency is restocked or collect a substitute currency of equivalent value instead. The rate at which the substituted funds may be collected will be determined by the daily available rate, and Sikhona Forex (Pty) Ltd and Sikhona Forex (Pty) Ltd Agent accept no responsibility for any losses incurred to the Recipient during the Forex Exchange.

  • It is the sole responsibility of the Sender to communicate with their intended recipient on collection points and the collection pin (where applicable) and Sikhona Forex (Pty) Ltd and/or Sikhona Forex (Pty) Ltd Agent cannot be held liable for incorrect information provided to the Recipient by the Sender.

  • Un-collected funds by the Recipient may be returned to Sikhona Forex (Pty) Ltd and/or Sikhona Forex (Pty) Ltd Agent as a cancelled the Money Transfer Transaction. Usually the Recipient has 21 (twenty-one) days to collect the funds from the date of sending. This delay may vary from time to time.

  • As We merely provide the Ria Sikhona Money Transfer Service, We will not become involved in any dispute between any User and Recipient arising out of, or in connection with, the completion of any Money Transfer Service, or with this Agreement, whatsoever.

8. Ria SIkhona Money Transfer Services Fees

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  • Registering with the Ria Sikhona Money Transfer Service is free of charge. We are however entitled to charge a fee as varying commission charges are applicable dependent on the country for each Money Transfer Transaction.

  • The User is liable to pay the Ria Sikhona Money Transfer Service Fee to Us and the Ria Sikhona Money Transfer Service Fee is due at the time that the User instructs Sikhona Forex (Pty) Ltd/ Sikhona Forex (Pty) Ltd Agent to process Your Money Transfer Transaction.

  • Any unpaid instructions/order will be automatically expired at 00:00 (Midnght) each day and the User limit will be returned to his profile/Sikhona Account for the amount of this instruction/order.

  • The User hereby agrees that the Service Fees will be added to the Money Transfer Transaction when funds are transmitted via the Ria Sikhona Money Transfer Service to a designated Recipient pursuant to an instruction received from a Sender.

  • The Ria Sikhona Money Transfer Service Fee can be changed at any time and at the sole discretion of Sikhona Forex (Pty) Ltd.

9. Money Transfer Transaction Cancellatios and refunds

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  • If We are notified that the Sender wishes to cancel the Money Transfer Transaction, We will within a reasonable time confirm with the Pay-Out Partner whether the Pay-Out Partner has paid the Money Transfer Transaction to the Recipient. If the Pay-Out Partner:Confirms that payment has not been made to the Recipient:

  • We will cancel the Money Transfer Transaction and We will refund the full amount paid to the Sender including fees by instructing the Pay-Out Partner to refund the amount.

  • Your refund will be in South African Rand (ZAR).

  • Your refund will be according to the exchange rate on the original transaction including fees and therefore, there will not be a difference in the Receiving Amount and the amount refunded.  

  • All refunds shall be available within 14 (fourteen) calendar days of the date on which the refund is received from the Pay-Out Partner.

  • You can request refund only during the period of three (3) years from transaction date. At the expiry of this period, such a request will not be considered.

  • Confirms that payment has been made to the Recipient:

  • There will be no refund to the Sender of either the Receiving Amount or the Ria Sikhona Money Transfer Service Fee.

10. Restrictions for Money Transfer Transactions

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  • Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent reserves the right, in its sole discretion, to:

    • reject a proposed Money Transfer Transaction.

    • limit the amount of a Money Transfer Transaction.

    • require additional information to complete a Money Transfer Transaction.

    • take reasonable measures with respect to a Money Transfer Transaction to comply with applicable laws and regulations.

  • The Ria Sikhona Money Transfer Service is offered exclusively for the personal money transfer needs of users. Any other use or attempted use of the Ria Sikhona Money Transfer Service for commercial purposes, promotion of products and services, or other such purposes, directly or indirectly, by You or by a third-party is prohibited and will be rejected.

  • If Your designated Recipient is unable to collect the Receive Amount because incorrect information was provided for the Recipient when the Money Transfer Transaction was created or any other reasons, You are obliged to contact Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent to correct any errors in the information provided. If the Recipient contacts Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent directly, he will be advised to contact You to resolve the matter. Sikhona Forex (Pty) Ltd and Sikhona Forex (Pty) Ltd Agent cannot be held responsible for losses in rate or inflation due to incorrect details being supplied for the Recipient.

  • If You use Your mobile phone to process Money Transfer Transactions, You are responsible for any fees that Your phone service provider charges, such as fees for SMS, data services, and any other fees that Your phone service provider may charge.

11. Breach

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  • Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent reserves the right, in its sole discretion, to:

  • reject a proposed Money Transfer Transaction.

  • limit the amount of a Money Transfer Transaction.

  • require additional information to complete a Money Transfer Transaction.

  • take reasonable measures with respect to a Money Transfer Transaction to comply with applicable laws and regulations.

  • The Ria Sikhona Money Transfer Service is offered exclusively for the personal money transfer needs of users. Any other use or attempted use of the Ria Sikhona Money Transfer Service for commercial purposes, promotion of products and services, or other such purposes, directly or indirectly, by You or by a third-party is prohibited and will be rejected.

  • If Your designated Recipient is unable to collect the Receive Amount because incorrect information was provided for the Recipient when the Money Transfer Transaction was created or any other reasons, You are obliged to contact Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent to correct any errors in the information provided. If the Recipient contacts Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent directly, he will be advised to contact You to resolve the matter. Sikhona Forex (Pty) Ltd and Sikhona Forex (Pty) Ltd Agent cannot be held responsible for losses in rate or inflation due to incorrect details being supplied for the Recipient.

  • If You use Your mobile phone to process Money Transfer Transactions, You are responsible for any fees that Your phone service provider charges, such as fees for SMS, data services, and any other fees that Your phone service provider may charge.

12. Marketing

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  • By your continuous access to Our website and/or the opining of a User Account, , You consent to allow Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent to send You marketing messages from time to time.

  • Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent will not allow third-parties to send marketing messages to You using the information You have provided  to Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent.

13. Intellectual Property​

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  • The Ria Sikhona Money Transfer Service and all intellectual property incorporated in or related to the Ria Sikhona Money Transfer Service (including without limitation copyrights, patents, database rights, trademarks and service marks) is owned by or licensed to Sikhona Forex (Pty) Ltd. All right, title and interest in and to such intellectual property shall remain the property of Sikhona Forex (Pty) Ltd and/or the property of such third-party licensor.

  • You agree and undertake to not, directly or indirectly, use, copy, store, reproduce, republish, transmit, issue, download, translate and modify in any way whatsoever, in whole or in part, the content of and the services provided therein without a prior written consent from Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent.

14. No Warranty​

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  • Sikhona Forex (Pty) Ltd, Sikhona Forex (Pty) Ltd Agents, officers, directors, agents, providers and employees do not guarantee continuous, uninterrupted or secure access to the the Application and/or the Ria Sikhona Money Transfer Service, and operation of the Application and/or the Ria Sikhona Money Transfer Service may be interfered with by numerous factors outside of Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent’s control.

  • The Application and/or the Ria Sikhona Money Transfer Service is provided “as is” and as and when available and, to the extent permissible by law, Sikhona Forex (Pty) Ltd / Sikhona Forex (Pty) Ltd Agent excludes all implied warranties, conditions or other terms, whether implied by statute or otherwise, including without limitation, any terms as to skill and care or timeliness of performance. Some jurisdictions do not allow the disclaimer of implied warranties, so the foregoing disclaimer may not apply to You.

16. Modifications to these terms and conditions​

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  • We reserve the right to change these terms and conditions from time to time and it is the sole responsibility of the User to keep himself up to date. Except when stated otherwise, all amended terms shall automatically be effective 30 (thirty) calendar days after they are initially made public on the Application.

  • Your continued use of the Application and/or the Ria Sikhona Money Transfer Service following the posting of revised Terms of Use means that You accept and agree to the changes.

17. Disclaimer and limitation of liability​

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  • Notwithstanding anything to the contrary contained in this Agreement, the User agrees that the Indemnified Parties will not be liable to anyone for any loss, damage, expense, or other amounts incurred, savings foregone, or hardship suffered (“Losses”), by any person however arising, whether such Losses arose directly or indirectly from the authorised or unauthorised use of, access to, reliance on, or any inability to use or access the Ria Sikhona Money Transfer Services, or as a consequence of such use, access, reliance, or inability to access, including, but not limited to, any loss relating to one or more, or a combination, of the following:

  • a failure or malfunction of all or any part of the Ria Sikhona Money Transfer Services, the Application, the servers, the networks and computer systems, the network resources, the Ria Sikhona Money Transfer Services, or any other software, computer systems or network resources to which it may be connected or upon which it may rely, or the taking offline of any of those computer systems or network resources for any reason.

  • any decision to hold or to not hold an inquiry into an alleged breach or contravention of any one or more provisions contained in these Terms and Conditions as well as any decision to act or to not act in case of a contravention as aforementioned, on the part of anyone.

  • any circumstance which results in a restriction of access or complete lack of access to the Ria Sikhona Money Transfer Services.

  • any circumstance, whether technical, clerical, or natural, which results in instructions not being processed, noted or accepted.

  • whether We could have foreseen a loss or type of loss which eventually occurs, was negligent or reckless, whether or not the loss was suffered in connection with a business or commercial enterprise, including, but not limited to, any economic or consequential loss or damage any and all damage to, or loss of, any equipment, property, data, or other information possessed by the User or any other person, any loss of profits and any losses relating to contracts, business, revenue, goodwill, or any expected savings;

  • any errors or omissions in any documentation or other literature provided by us, any errors or omissions in any data or information on the Application, or any breach of contract or negligence on the part of the Indemnified Parties.

  • any action taken by Us under this Agreement.

  • any conduct, act, or omission (whether negligent, reckless, or otherwise) whether within any actual, ostensible, or apparent authority or not at all on the part of the Indemnified Parties.

  • To the extent permitted by law, all terms, conditions and warranties or representations, or representation whether express, implied, statutory, common law or otherwise relating to the Application and/or Ria Sikhona Money Transfer Services or anything in these terms and conditions, are excluded unless expressly included in these Terms and Conditions.

  • The maximum liability of Sikhona Forex (Pty) Ltd to the user for any claim arising from or in connection with the use of our service shall be limited to the ZAR amount showing on the face of the receipt for your money transfer transaction, including the service charges. Except as provided in the previous sentence, in no event will Sikhona Forex (Pty) Ltd, its affiliates or their licensors, service providers, employees, agents, officers, or directors be liable for damages of any kind, under any legal theory, arising out of or in connection with your use or inability to use the Application or any services obtained through the Application including any direct, indirect, special, incidental, consequential or punitive damages, including but not limited to, loss of revenue, loss of profits, loss of business or anticipated savings, loss of use, loss of goodwill, loss of data, and whether caused by tort (including negligence), breach of contract or otherwise, even if foreseeable.

18. Release and Indemnity​

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  • Notwithstanding any contrary provision contained in these Terms and Conditions and to the maximum extent permitted by law, the User indemnifies and holds harmless the Indemnified Parties against any claims, losses, liabilities, suits, demands, proceedings, costs, or expenses (including legal costs on an attorney and client scale) directly or indirectly related to, or, arising out of:

  • the use of the Application.

  • the registration as a User.

  • the use of the Ria Sikhona Money Transfer Service.

  • any claim by any person arising out of, or in connection with any cessation (temporary or permanent) of the supply of the Application and/or the Ria Sikhona Money Transfer Services in accordance with this Agreement.

19. Severability​

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  • Each provision of this Agreement (excluding only those provisions which are essential at law for a valid and binding agreement to be constituted) shall be deemed to be separate and severable from the remaining provisions of this Agreement. If any of the provisions of this agreement (excluding only those provisions which are essential at law for a valid and binding agreement to be constituted) is found by any court of competent jurisdiction to be invalid and/or unenforceable then, notwithstanding such invalidity and/or unenforceability, the remaining provisions of this agreement shall be and remain of full force and effect.

20. No Waiver​

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  • No relaxation, indulgence or extension of time granted by Sikhona Forex (Pty) Ltd shall be construed as a waiver of any of our rights in terms hereof, or a novation of any of the terms of this Agreement or stop Us from enforcing strict and punctual compliance with the terms of this Agreement.

21. Whole Agreement​

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  • This Agreement constitutes the whole agreement between the parties in relation to the subject matter thereof and no party shall accordingly be bound by any undertaking, representation or warranty not recorded therein.

22. Variation​

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  • A notice dealing with amendments or variations or updates of this Agreement will be posted on the Website. The User undertakes to become familiar with and understand the amendments or variations or updates. By continuing to use the Application and/or Ria Sikhona Money Transfer Services, the User is deemed to accept the amendment, variation or update as binding.

23. Cooperation​

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  • Each party shall take all such steps, execute all such documents, and do all such acts and things as may be reasonably required by it to give effect to any of the obligations contemplated by this Agreement.

24. Governing Law and Jurisdiction​

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  • This Agreement will be governed by the laws in force in the Republic of South Africa and each party unconditionally submits to the non-exclusive jurisdiction of the courts of the Republic of South Africa in relation to any legal action, suit or proceedings arising out of or with respect to this Agreement.

25. Notices​

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  • The User chooses its service address for the purposes of giving any notice serving any legal process and for any other purpose arising from this Agreement at the addresses, e-mail and telefax numbers as set out in Your application for registration as User. Any notice to be served by either party to the other must be in writing and will be sent by hand delivery, post, facsimile or email to the relevant party to this agreement at its respective address as specified on the application for registration as a User.

  • Sikhona Forex (Pty) Ltd chooses its service address as the address stipulated out at the top of this Agreement.

  • Any notice given, and any communication or payment made by any party hereto to any other (the “Addressee“) which:

    • is delivered by hand during the normal business hours of the Addressee at the Addressee’s service address for the time being, shall be presumed, unless the contrary is proved, to have been received by the Addressee at the time of delivery.

    • is transmitted by email during normal business hours, shall be presumed, unless the contrary is proved, to have been received by the Addressee 24 (twenty-four) hours after the time of transmission.

  • Notwithstanding anything to the contrary herein contained, a written notice or communication received by an Addressee shall be adequate written notice or communication to him, notwithstanding that it was not sent to or delivered at his chosen service address.

26. Sikhona Forex (Pty) Ltd Support​

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  • Please direct all queries and complaints to:

  • Telephone number: 0861 660 660

  • Email address: customercare@sfx.co.za

27. Promotions​

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XE - Promotional Voucher
Terms and Conditions


Dates: 19th June 2023 to 31 December 2023


Campaign Xe Customer Campaign Only

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Offer: R100.00 (one hundred Rand) Standard Bank Instant Money Voucher for
any new customer who spends over R200.00 on their first transaction
during the promotional period on an international payment.

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Terms:

  • The Customer must be an Eligible Customer as per the definition contained in the below Terms and Conditions.

  • The Customer must complete a transfer through the Sikhona app or website.

  • The Customer must reside in the South Africa and be registered with Ria Sikhona.

  • The Customer must be directed to the Sikhona app or website from Xe.com’s website or mobile application.

 

1. Terms and Conditions
 
Promotional Offer Terms: A South African resident who (a) has not previously
registered for or used the Ria Sikhona branded international payments service (Sikhona
Service) or (b) has registered with but not used the Sikhona Service, and (c) is directed
to the Sikhona app or website from Xe.com’s website or mobile application (each an
Eligible Customer) may qualify for one Standard Bank Instant Money Voucher voucher
valued at R100.00 (Voucher) by using Sikhona’s Services via the Sikhona branded
website or mobile app (Sikhona Site or Mobile App) between 19th June 2023 to 31
December 2023 (Offer Period) and making an international payment which exceeds
R200.00 (Offer). 
 
An Eligible Customer’s payments with the Sikhona Service will not be aggregated and
must be made via the Sikhona Site or Mobile App for the purpose of this Offer. The Offer
is only applicable to a payment of at least R200.00. The Offer is limited to one Voucher
per Eligible Customer (no cash equivalent available). The Voucher will be sent to the
email address or cell phone number provided to Sikhona by the Eligible Customer within
14 (fourteen) days of making the qualifying payment in accordance with the
Offer. Sikhona reserves the right to vary or terminate the Offer at its sole discretion,
without notice. Sikhona accepts no liability in respect of the Offer. Contact:
customercare@sf.co.za. Provider: Sikhona Forex (Pty) Ltd (trading as ‘Ria Sikhona’,
‘Ria’ or ‘Sikhona’) (Sikhona).

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Malawi Promotional Voucher
Terms and Conditions

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Dates: 6th to the 14th July 2023

Malawi Promotional Voucher
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Offer: R50.00 (Fifty Rand) Standard Bank Instant Money Voucher for
any new customer who spends over R200.00 on their first transaction
during the promotional period on an international payment.
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Terms:
 The Customer must be an Eligible Customer as per the definition contained in the
below Terms and Conditions.
 The Customer must complete a transfer through the Sikhona app or website.
 The Customer must reside in the South Africa and be registered with Ria Sikhona.

1. Terms and Conditions
 
Promotional Offer Terms: A South African resident who (a) has not previously
registered for or used the Ria Sikhona branded international payments service (Sikhona
Service) may qualify for one Standard Bank Instant Money Voucher voucher
valued at R50.00 (Voucher) by using Sikhona’s Services via the Sikhona branded
website or mobile app (Sikhona Site or Mobile App) between 6 th July to 14 th July 2023 (Offer
Period) and making an international payment which exceeds
R200.00 (Offer). 
 
An Eligible Customer’s payments with the Sikhona Service will not be aggregated and
must be made via the Sikhona Site or Mobile App for the purpose of this Offer. The Offer
is only applicable to a payment of at least R200.00. The Offer is limited to one Voucher
per Eligible Customer (no cash equivalent available). The Voucher will be sent to the
email address or cell phone number provided to Sikhona by the Eligible Customer within
14 (fourteen) days of making the qualifying payment in accordance with the
Offer. Sikhona reserves the right to vary or terminate the Offer at its sole discretion,
without notice. Sikhona accepts no liability in respect of the Offer. Contact:
customercare@sfx.co.za. Provider: Sikhona Forex (Pty) Ltd (trading as ‘Ria Sikhona’,
‘Ria’ or ‘Sikhona’) (Sikhona).

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PEP Store Payment Campaign
Terms and Conditions

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Dates: 1st September 2023 to 30th September 2023

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Campaign: PEP Store Payment Campaign
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Offer: Stand a chance to win R10 000 when you create an order with Sikhona Money Transfer and pay at a PEP store
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Terms:

The Customer must be an Eligible Customer as per the definition contained in the below Terms and Conditions.

The Customer must complete a transfer through the Sikhona app or website.

The Customer must reside in South Africa and be registered with Ria Sikhona.

The Customer must pay for their order at any PEP Store

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1. Terms and Conditions
 

Promotional Offer Terms: A South African resident who has registered with the Sikhona Service (an Eligible Customer) may qualify to participate in a draw to win R10 000 only by using Sikhona’s Services via the Sikhona branded website or mobile app (Sikhona Site or Mobile App) and paying for that order at any PEP Store in South Africa from 1 September to 30 September (both days included) (Offer Period).

 
The Offer is only applicable to a payment made for a cross border/international money transfer to the value of at least R200.00 via the Sikhona Mobile App or Website and payment made at a PEP Store. The Offer is limited to one (1) entry per Eligible Customer. The winner will be contacted  on the cell phone number provided to Sikhona by the Eligible Customer within 14 (fourteen) days after the end of the Offer. Sikhona reserves the right to vary or terminate the Offer at its sole discretion, without notice and its decision on the winner is final. No further correspondence will be allowed and the decision of Sikhona will be final. The winner hereby also give Sikhona the right to publish the winner’s name and surname, unless refused on its Social Media Platforms. Sikhona accepts no liability in respect of the Offer. Contact: customercare@sfx.co.za. Provider: Sikhona Forex (Pty) Ltd (trading as ‘Ria Sikhona’, ‘Ria’ or ‘Sikhona’) (Sikhona).

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Flash and Ria Sikhona Money Transfers' Malawi and Zimbabwe Campaign
Terms and Conditions

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Flash Mobile Vending (Pty) Ltd (“Flash”) and Sikhona Forex (Pty) Ltd (“Ria” or “Sikhona”)

  1. The competition will run from 08:00 on the 18th of October 2023 to and including 23:59 on the 1st of November 2023 (“the Competition Period”).

  2. By entering the competition, you agree to be bound by these terms and conditions.

  3. To enter the competition, you must register with Ria Sikhona, transfer at least R200.00 to Malawi or Zimbabwe through the Sikhona App or website, and pay for your order at any Flash Trader during the Competition Period (“Entry Criteria”). You will automatically be entered into the competition.

  4. Every person may enter the competition once.

  5. Winners will be selected every day from 18th October 2023 via a random draw by Ria. Winners will be notified within 2 weeks from the end of the Competition Period.  

  6. There will be 20 winners: 10 winners from the participants who transferred money to Zimbabwe and 10 winners from the participants who transferred money to Malawi.

  7. Winners will each receive vouchers to the value of R1 000.00. Prizes are non-transferable and cannot be substituted for cash.

  8. All winners will be notified by SMS. Winners will receive a unique short code SMS allowing access to a rewards portal with a pre-loaded R1000 wallet to spend on vouchers on the rewards platform.

  9. Winners may be contacted by Flash and/or Ria to validate the respective winner’s entry. Calls may be recorded for verification purposes. Flash and/or Ria may require identification documents before the prize is awarded to the winners.

  10. An alternative winner may be drawn if, after 3 attempted calls, the organisers cannot reach the initial winner.

  11. The competition is open to all participants within South Africa who can provide valid proof of identity, excluding employees of Ria and Flash, and its associated companies.

  12. Flash, Ria and their agents do not accept responsibility or liability for any loss or damage and will also not be responsible or liable for any further expenses or fees required for the purpose of using, applying or enjoying the prize won in this competition.

  13. Winners give Flash, Ria and its authorized agents consent to use their names for publicity purposes unless refused.

  14. Flash and Ria reserves the right to vary, suspend, postpone or terminate the competition and any prizes, or any aspect thereof, for any reasons whatsoever and without notice. In such event, you hereby waive any rights or expectations which you may have against Flash and Ria, and acknowledge that you will not have any recourse or claim of any nature against Flash or Ria.

  15. By participating in this competition, you consent to (i) the processing of your personal information by Flash, Ria and other companies in the Pepkor group, any of their operators, agents and sub-contractors (who may be outside South Africa) on the condition that they will keep such information confidential; (ii) the collection of your personal information from any other source to supplement the personal information which Flash and Ria has about you;  (iii) the retention by Flash and Ria of your personal information for as long as permitted for legal, regulatory, fraud prevention and marketing purposes; (iv) Flash using your personal information to send you information about products, services, and special offers of the various companies in the Pepkor group that may be of interest or value to you.

  16. You can choose to be excluded from direct marketing by notifying Flash in writing or by registering a block on any registry which Flash is bound by law to recognise. Flash will not charge you a fee to update this request on its systems. Flash will give effect to any changes requested by you as soon as reasonably possible.

The prizes and competition are subject to terms and conditions, available at Flash.co.za.

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Flash and Ria Sikhona Money Transfers' Malawi Campaign

Terms and Conditions

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​

 

  1. The competition will run from 08:00 on the 13th of February 2024 to and including 23:59 on the 31st of March 2024, or until 300 participants have complied with the Entry Criteria (“the Competition Period”). 

  2. By entering the competition, you agree to be bound by these terms and conditions.  

  3. To participate in the competition you must register for Ria Sikhona using this specific link,  www.sikhona.link/mwj , and send money to Malawi using Ria Sikhona (“Entry Criteria”).   

  4. The first 300 participants to comply with the Entry Criteria will each receive a Flash Plus balance to the value of R30.  Winners will receive a unique short code SMS allowing access to the Flash Plus rewards portal with a pre-loaded balance in their wallet to spend on vouchers on the rewards platform. 

  5. Your cell phone number must be linked to your account to be able to receive the balance top-up when you have complied with the Entry Criteria.  

  6. The competition is open to all participants within the Republic of South Africa who have a valid proof of identity, excluding employees of Flash, Ria Sikhona and its associated companies. 

  7. Flash and their agents do not accept responsibility or liability for any loss or damage and will also not be responsible or liable for any further expenses or fees required for purpose of using, applying or enjoying the prize won in this competition. 

  8. The winner gives Flash and its authorized agents consent to use their name for publicity purposes unless refused. 

  9. Flash reserves the right to vary, suspend, postpone or terminate the competition and any prizes, or any aspect thereof, for any reasons whatsoever and without notice. In such event, you hereby waive any rights or expectations which you may have against Flash and acknowledge that you will not have any recourse or claim of any nature against Flash. 

  10. By participating in this competition, you consent to (i) the processing of your personal information by Flash and other companies in the Pepkor group, any of their operators, agents and sub-contractors (who may be outside South Africa) on the condition that they will keep such information confidential; (ii) the collection of your personal information from any other source to supplement the personal information which Flash has about you;  (iii) the retention by Flash of your personal information for as long as permitted for legal, regulatory, fraud prevention and marketing purposes; (iv) Flash using your personal information to send you information about products, services, and special offers of the various companies in the Pepkor group that may be of interest or value to you. 

  11. You can choose to be excluded from direct marketing by notifying Flash in writing or by registering a block on any registry which Flash is bound by law to recognise. Flash will not charge you a fee to update this request on its systems. Flash will give effect to any changes requested by you as soon as reasonably possible. 

  12. The prizes and competition are subject to terms and conditions, available at Flash.co.za.

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Ria Sikhona Money Transfers' Ramadan R10 000 Cash Prize Competition

Terms and Conditions

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​

 

Dates: 11 March 2024 – 08 April 2024

Campaign: Ramadan R10 000 Cash Prize

​Offer: Stand a chance to win R10 000 when you create our first order with Ria Sikhona Money Transfers during the Ramadan Period.


​
Terms:

The Customer must be an Eligible Customer as per the definition contained in the below Terms and Conditions.

The Customer must create, and pay, for their first order during this time.

The Customer must reside in South Africa and be registered with Ria Sikhona.

​

1. Terms and Conditions

Promotional Offer Terms: A South African resident who has registered with the Sikhona Service (an Eligible Customer) may qualify to participate in a draw to win R10 000 only by using Sikhona’s Services via the Sikhona branded website or mobile app (Sikhona Site or Mobile App) and pay for their first order from 11 March to 8 April 2024(both days included) (Offer Period).

 
The Offer is only applicable to a Customer that creates, and pays, for their first transaction for a cross border/international money transfer to the value of at least R200.00 via the Sikhona Mobile App or Website. The Offer is limited to one (1) entry per Eligible Customer. The winner will be contacted on the cell phone number provided to Sikhona by the Eligible Customer within 14 (fourteen) days after the end of the Offer. Sikhona reserves the right to vary or terminate the Offer at its sole discretion, without notice and its decision on the winner is final. No further correspondence will be allowed and the decision of Sikhona will be final. The winner hereby also give Sikhona the right to publish the winner’s name and surname, unless refused, on its Social Media Platforms. Sikhona accepts no liability in respect of the Offer. Contact: customercare@sfx.co.za. Provider: Sikhona Forex (Pty) Ltd (trading as ‘Ria Sikhona’, ‘Ria’ or ‘Sikhona’) (Sikhona).

Flash Feb 2024
Ramadan10k2024
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