Keep USD income in USD or convert to Rands?

[Tomtomtom]

We have a relationship with Investec who does an asset swap from CHE/GBP/USD ->ZAR->USD for us and then leaves it offshore in dollar denominated ETFs. They only charge commission on one conversion and the transactions are all electronic.

It sounds like you have the best possible deal worked out. I hope this is fairly routine. It's not good for us little guys that the banking oligopoly has this option though -- charge twice unless otherwise negotiated.