Sunday 21 October, 2018
The official Financial Markets Journal of SAIFM
Home Tags CDH

Tag: CDH

Exchange Control: Recent amendments to the Currency and Exchanges Manual for...

On 2 August 2018, FinSurv issued Exchange Control Circular No.12/2018 (Circular 12/2018) and on 20 August 2018, it issued Exchange Control Circular No.13/2018 (Circular 13/2018), setting out changes made to the Currency and Exchanges Manual for Authorised Dealers (Manual).

Exchange control – relaxation of prohibition to loop structures

Generally South African residents are prohibited in investing in a foreign company, which in turn invests back into South Africa. This is called a so-called loop structure.