South African online buyers can now receive quotes in Rands and make credit card purchases through PayPal.

“Just the other day, I found out that South Africans can now get PayPal accounts and link them to a local credit card. When you buy something, the amount is deducted from your credit card and the system even tells you much it will be in rands.

The only major snag with PayPal, for us South Africans, is that you currently cannot withdraw the funds from your account into a local bank account.” Full article: http://www.ioltechnology.co.za/article_page.php?iArticleId=4128440

For receiving the funds into a business, you still can not deposit into a South African bank acount, but this can be solved through offshore options.