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