For South African residents living overseas who need to transfer fees or salaries earned from their South African company, it is essential to understand the South African Reserve Bank (SARB)…
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Exchange control and money laundering are interdependent within South Africa’s financial regulatory framework, as both aim to ensure the integrity of the country’s financial system. However, they target different aspects…
South Africa’s exchange control regulations are designed to manage the flow of capital in and out of the country, preserving the value of the South African Rand (ZAR) and ensuring…
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)…
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…
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National Treasury was going to give the South African Exchange Control regime a total overhaul in order to modernise outdated, unnecessarily restrictive…
If you’re already living overseas, you’re probably making plans to complete your financial transition. If you’re still plotting your international relocation, it helps to know exactly how you’re going to…
In a recent blog article, we unpacked the changes to the South African exchange control regulations that have an impact on South African citizens and tax residents. This was only the…