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: 01 Jan 2011 | Removal date: open ended

Controls on credit operations

On 27 October 2010, the South African Reserve Bank issued Exchange Control Circular No. 37/2010, which allowed qualifying international companies to raise and deploy capital offshore through South Africa without prior exchange control approval. In addition, the 10% exit tax previously levied on emigrants' remittances above a threshold of 8 million rand (US$ 778.000) was abolished.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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