A series of exchange control regulations characterise South Africa’s financial regulatory landscape to manage the flow of capital in and out of the country. Among these, Exchange Control Regulation 10(1)(c)…
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When exploring business operations in South Africa, it’s vital to consider the unique South Africa exchange control regulations and the rules governing the transfer of income and capital abroad. Understanding…
Exchange control regulations are crucial for managing a country’s foreign exchange reserves and ensuring economic stability. In South Africa, violating these regulations can lead to severe legal and financial consequences…
Exchange control is a fundamental concept in international economics and finance that plays a crucial role in regulating the flow of currencies across borders. Governments implement exchange control measures to…
Moving money across international borders can be a complex dance, especially when it comes to paying for services rendered. Exchange control regulations can get complicated, fast! To avoid confusion, we’ve…
Historically loop structures were not permitted in terms of the South African exchange control regulations. In terms of Exchange Control Regulation 10(1)(c), such transactions (or series of transactions) in which…
Although the South African Reserve Bank (SARB) has relaxed exchange control rules significantly in the past few years in order to make cross-border transactions less onerous, there are still limits…
In the past, exchange control policy relating to distributions from an inter vivos trust were complex and restrictive, which meant that the processes involved in transferring money out of South…
The Minister of Finance and the South African Reserve Bank (SARB) have been hard at work these past few years modernising exchange controls. One of the first changes made in…
Back in the days of South Africa’s stringent exchange control regime, loop structures were prohibited. The whole idea was to prevent capital from flowing out of the country, but it…