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.
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Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
No implementation date
Revocation date:
No revocation date
Updated: 29 Oct 2009
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 inve...
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