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…
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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…
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…
In the 2020 Budget Speech it was announced that the National Treasury was going to give the South African Exchange Control regime a total overhaul in order to modernise outdated, unnecessarily restrictive…