Global Trade Alert
Global Trade Alert

South Africa: South African banks allowed 25% foreign exposure

Announcement

17 Feb 2010

In February 2010, the government of South Africa announced changed rules for foreign investors.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 Mar 2010

Revocation date:

No revocation date

Updated: 17 Feb 2010
Controls on commercial transactions and investment instruments In force

On 17 February 2010, the South African Reserve Bank issued Exchange Control Circular No. 5/2010, allowing South African banks to acquire direct and indirect foreign exposure up to 25% of the...

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