Exchange Control Circular No. 14/2020

Circular Reference: Exchange Control Circular No. 14/2020

Circular Date: 29 October 2020

Circular Status: Pending

Statement on exchange control

The attention of Authorised Dealers in foreign exchange and Authorised Dealers in foreign exchange with limited authority is drawn to the further exchange control reforms announced by the Minister of Finance in the 2020 Medium Term Budget Policy Statement (MTBPS). A copy of the “Explanatory note on financial sector MTBPS announcements” is attached for ease of reference. Kindly refer to point 1., “Promoting investment: capital flow management” outlining the measures to make it easier to invest in South Africa.

Exchange Control Circular Nos. 15/2020 and 16/2020, in amplification of the foregoing, have been issued accordingly.

Acting Head of Department: Financial Surveillance

Exchange Control Reforms, South Africa 2020 Medium Term Budget Policy Statement MTBPS
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