Global Trade Alert
Global Trade Alert

South Africa: Proposed relaxation of exchange controls

Announcement

29 Oct 2009

On 29 October 2009, the South African Minister of Finance announced the relaxation of exchange controls in an effort to 'lower the cost of doing business, while managing risks in a volatile international environment' and to contribute in making South Africa an attractive investment destination.

Source

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

0 in force

Implementation date

No implementation date

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments

Among measures proposed are: 1. Removal of various restrictions on rand conversion of export proceeds and advance payments for imports. 2. Increases in the rand thresholds applicable to outward invest...

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