We refer to Exchange Control Circular No. 4/2022 and the announcement made by the Minister of Finance in Annexure F of the 2022 Budget Review, wherein it was mentioned that with effect from 2022-02-23, the foreign direct investment limit for companies investing funds offshore that can be processed by Authorised Dealers has been increased from
Exchange Control Circular No. 11/2022 Read More »
Following the Minister of Finance’s announcement in the 2018 Budget Speech, Authorised Dealers are advised that the current minimum requirement to obtain at least 10 per cent of the foreign target entity’s voting rights and/or shareholding has been abolished. This necessitates a distinction between foreign direct investments and foreign portfolio investments, the latter now being
Exchange Control Circular No. 4/2018 Read More »
Authorised Dealers are advised that the policy regarding loop structures into the Common Monetary Area (‘CMA’) by South African companies with approved offshore investments has been amended. South African companies are now permitted to acquire up to 40 per cent equity and/or voting rights, whichever is the higher, in a foreign target entity, which may
Exchange Control Circular No. 5/2018 Read More »
Authorised Dealers are advised that the policy regarding loop structures into the Common Monetary Area (“CMA”) by South African companies with approved offshore investments has been amended. South African companies are now permitted to acquire from 10 to 20 per cent equity and/or voting rights, whichever is the higher, in a foreign target entity, which
Exchange Control Circular No. 19/2011 Read More »
Authorised Dealers are advised that South African companies will be permitted to make bona fide new outward foreign direct investments outside their current line of business. This will enable South African companies to diversify their offshore operations from a domestic base. Authorised Dealers may, in terms of the current dispensation for investments not exceeding Rand
Exchange Control Circular No. 14/2011 Read More »
