The South African Reserve Bank (SARB) plays an important role in monitoring and managing the country’s financial system, with the Balance of Payment (BOP) reporting codes being an essential component….
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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)…
Understanding the process of submitting an exchange control application to the South African Reserve Bank is a formality and a crucial step for individuals and corporations engaging in cross-border transfers….
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…
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…
The South African Reserve Bank celebrated its centenary on the 30th of June, 2021. With this momentous milestone in mind, let’s reflect on 100 years of SARB, as well as…