Global Trade Alert
Global Trade Alert

South Africa: Changes to the control on foreign transactions

Announcement

31 Oct 2019

The Government of South Africa has partially relaxed the restriction on investment in movements of capital in and out of the so-called Common Monetary Area (CMA) comprised of South Africa, Lesotho, Namibia and Eswatini. 

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

31 Oct 2019

Revocation date:

No revocation date

Updated: 31 Oct 2019
Controls on commercial transactions and investment instruments In force

On 31 October 2019, the South African Reserve Bank has issued Circular No. 18/2019 relaxing the restriction set on movements of capital in and out of the Common Monetary Area (CMA) which comprises ...

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