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Global Trade Alert

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South Africa: Listed companies allowed offshore operations without restrictions

Description

On 27 February 2013, the South African Reserve Bank issued Exchange Control Circular No. 5/2013, which allows companies listed at the Johannesburg Securities Exchange to establish one subsidiary for ...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

27 Feb 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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