IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Oct 2011 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 25 October 2011, the South African Reserve Bank published a circular in relation to a liberalisation of the country's foreign exchange policy.
The Exchange Control Circular No. 15/2011 'Improving access and competition in cross-border money remittances' announces the abolition of ownership restrictions on foreign participation in Authorised Dealers in foreign exchange with limited authority.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.