Exchange Control Circular No. 2/2024

Circular Reference: Exchange Control Circular No. 2/2024

Circular Date: 26 February 2024

Circular Status: Pending

Statement on exchange control

We refer to the Minister of Finance’s 2024 Budget Speech when it was announced that the National Treasury continues to modernise South Africa’s capital flows management framework.

Further exchange control reforms were announced in Annexure E – Financial Sector Update of the Budget Review, which is attached for ease of reference as Annexure A.

In this context, a number of draft Circulars, in amplification of the aforegoing, are attached as Annexure B. Interested parties are invited to submit comments on the draft Circulars, in the prescribed format as per Annexure C, to SARB-ExconCirculars@resbank.co.za by Thursday, 2024-03-28.

The input and comments received will be considered, after which the Financial Surveillance Department will issue the final Circulars, at which date the dispensation will become effective.

Acting Head of Department: Financial Surveillance

South Africa 2024 Budget Speech
View the Circular

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