ANNOUNCEMENT 13 Dec 2010

In December 2010, the government of South Africa announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



National Treasury Exchange Control Circular No. 44/2010: https://www.resbank.co.za/Publications/Circulars/Exchange%20Control%20Circulars/Exchange%20Control%20Circular%20No.%2044-2010.pdf
WTO-UNCTAD-OECD Fifth Report on G20 Trade and Investment Measures, mid-October 2010 to April 2011: http://www.oecd.org/daf/inv/investment-policy/47955250.pdf


Inception date: 01 Jan 2011 | Removal date: open ended

Controls on commercial transactions and investment instruments

On 13 December 2010, the National Treasury of South Africa issued Exchange Control Circular No. 44/2010, which increases the limits (by 5 percentage points) to the amounts that institutional investors can invest offshore. Retirement funds and long-term insurers (non-investment linked) can now hold 25% of their portfolio in assets abroad, all other institutional investors 35%.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A