IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

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 Mar 2010 | Removal date: open ended

Controls on commercial transactions and investment instruments

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 their total liabilities (excluding equity). All foreign exposure apart from FDI is counted towards this threshold. The measure entered into effect on 1 March 2010.

AFFECTED COUNTRIES

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