ANNOUNCEMENT 20 Dec 2010In December 2010, the government of South Africa announced a general change in export conditions.
NUMBER OF INTERVENTIONS
South African Reserve Bank Exchange Control Circular No. 46/2010: https://www.resbank.co.za/Publications/Circulars/Exchange%20Control%20Circulars/Exchange%20Control%20Circular%20No.%2046-2010.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
On 20 December 2010, the South African Reserve Bank issued Exchange Control Circular No. 46/2010, which replaces the existing paper-based export monitoring system by an electronic one. Previously, exporters had to submit a form to the South African Revenue Service with every export transaction (excluding exports to countries within the common monetary area and small exports). In the new system, exporters merely have to 'tag' their exports with a so-called Unique Consignment Reference number.