ANNOUNCEMENT 29 Oct 2009On 29 October 2009, the South African Minister of Finance announced the relaxation of exchange controls in an effort to 'lower the cost of doing business, while managing risks in a volatile international environment' and to contribute in making South Africa an attractive investment destination.
NUMBER OF INTERVENTIONS
Ministry of Finance, Republic of South Africa. 2009. 'Medium Term Budget Policy Statement.' October 27, pp. 14-15. http://www.treasury.gov.za/documents/mtbps/2009/mtbps/speech.pdf
Isa, M. 2009. 'Gordham cuts forex controls to curb Rand.' AllAfrica.com. October 28. http://allafrica.com/stories/200910280006.html
Regarding regional economic integration, the Ministry of Finance stipulates the following measures: 1. Relaxation of approvals required for investing in Southern African Development Community (SADC) countries to promote regional integration. 2. Review of the current exchange control regulatory framework for approving inward investment.