ANNOUNCEMENT 27 Feb 2013

In February 2013, the government of South Africa announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



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


Inception date: 27 Feb 2013 | Removal date: open ended

Controls on commercial transactions and investment instruments

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A