Authorised Dealers are advised that as a further administrative reform, the requirement that all loan applications where commitment fees, raising fees and/or any other administrative fees are payable must be referred to Exchange Control, has been amended by the introduction of a five percent cap on the combined commitment fees, raising fees and/or any other […]

Flowing from representations made, South African residents may effect early capital redemptions of loans provided that the relevant loans are fully drawn down, reported correctly on the Loan Reporting System and that there are no anomalies on the Loan Reporting System. The following amendments to the Currency and Exchanges Manual for Authorised Dealers (Authorised Dealer