IMPLEMENTATION LEVEL
NationalAFFECTED FLOW
OutflowANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
allJUMBO
NoTARIFF PEAK
NoControls 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.
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