Authorised Dealers are advised of the following amendments to the Exchange Control Rulings: Section B.4(A)(i) A new subsection (h) has been added as follows: “(h) Foreign capital allowance — see subsection “(L)” below.” Section B.4 A new subsection “(L)” has been added as follows: “(L) FOREIGN CAPITAL ALLOWANCE Authorised Dealers may allow residents (natural persons) […]

Flowing from representations made, Authorised Dealers are advised of the following amendment to the Exchange Control Rulings: Section B.2(B)(i)(g) A second paragraph has been added as follows: “Private individuals wishing to avail of this dispensation must first approach SARS to obtain a Tax Clearance Certificate, in the prescribed format, which must accompany their application to

Authorised Dealers are referred to Section B.2(B)(i)(a) of the Exchange Control Rulings and advised that the once off limit of Rand 4 million has been replaced with an annual limit of Rand 4 million. The Financial Surveillance Department will also, in addition to the current SADC fixed property dispensation consider applications by private individuals for