Exchange Control

Exchange-control regulations are administered by the South African Reserve Bank on behalf of the Minister of Finance. The Minister of Finance has also appointed certain banks to act as authorised dealers in foreign exchange, as well as authorised dealers with limited authority in foreign exchange, which gives them the right to buy and sell foreign exchange, subject to conditions and within limits prescribed by the Financial Surveillance Department of the Reserve Bank.

Authorised dealers are not agents of the department, but act on behalf of their customers. Since 1994, South Africa has considerably reformed its exchange-control policies. There have been gradual exchange-control reforms concerning individuals, corporate and institutional investors.

The liberalisation has been focused on progressively increasing the individual foreign capital allowance, increasing institutional investors’ foreign exposure and allowing South African firms to raise capital and expand their operations offshore from a domestic base.

State-Owned Enterprises

State-Owned Enterprises

SOEs are responsible for the development of key infrastructure and manufacturing capacity for...

JHB Stock Exchange

JHB Stock Exchange

The Johannesburg Stock Exchange (JSE) is privately owned and funded, and governed by a board of...

Banking Industry

Banking Industry

Banking Industry. South Africa has 31 banking institutions – 10 locally controlled, six...

Livestock

Livestock

Animal production contributes approximately 41% to the country's agricultural GDP. About 500 000...

Organic Agriculture

Organic Agriculture

Organic farming avoids the use of synthetic pesticides, herbicides and chemical fertilizers by...

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