Exchange Control Circular No. 4/2024

Circular Reference: Exchange Control Circular No. 4/2024

Circular Date: 24 April 2024

Circular Status: Pending

Cancellation of Tower Bureau de Change (Pty) Limited as an Authorised Dealer in foreign exchange with limited authority

The appointment of Tower Bureau de Change (Pty) Limited (Tower) as an Authorised Dealer in foreign exchange with limited authority (ADLA) has been cancelled with immediate effect.

The name of Tower will be removed from sections A.2(A) and A.2(B) of the Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority and the Currency and Exchanges Manual for Authorised Dealers (Manuals), respectively, as well as the guideline documents for business entities and individuals (guideline documents).

The relevant Government Notice is attached hereto and the amended Manuals and guideline documents may be accessed on the South African Reserve Bank’s website: www.resbank.co.za, by following the links: Home > What we do > Financial Surveillance > Financial Surveillance documents.

Acting Head of Department: Financial Surveillance

Tower Bureau de Change (Pty) Limited
View the Circular

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