ANNOUNCEMENT 27 Feb 2013In February 2013, the government of South Africa announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
South African Reserve Bank Exchange Control Circular No. 5/2013: https://www.resbank.co.za/Lists/News%20and%20Publications/Attachments/5583/Circular%205%20of%202013.pdf
WTO-UNCTAD-OECD Ninth Report on G20 Trade and Investment Measures, mid-October 2012 to mid-May 2013: http://www.oecd.org/daf/inv/investment-policy/9thG20report.pdf
On 27 February 2013, the South African Reserve Bank issued Exchange Control Circular No. 5/2013, which allows companies listed at the Johannesburg Securities Exchange to establish one subsidiary for the purpose of holding African and offshore operations (HoldCo). This HoldCo will not be subject to any foreign exchange restrictions.