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.

Agri Eco Contribution

Agri Eco Contribution

While the primary agricultural sector contributes about 3% to the country's gross domestic product...

Taxation

Taxation

South Africa has a residence-based tax system, which means residents are – subject to certain...

Green Economy

Green Economy

The green economy is shaping the next wave of industrialisation and is a key sector in the New...

Trade and Industry

Trade and Industry

The Department of Trade and Industry's vision is of a South Africa that has a vibrant economy,...

Foreign Trade

Foreign Trade

Since the end of apartheid foreign trade in South Africa has increased, following the lifting of...

Economic Dev

Economic Dev

365 000 new jobs five major new state infrastructure projects R300 billion for the country's ports...

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