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 restrictions on loop structures pertaining to private individuals have been relaxed up to 40 per cent. Authorised Dealers are advised of the following amendments to the Currency and Exchanges Manual for Authorised Dealers: Section B.2(B)(i) Subsections (h), (i), (j), (k) and (l) have been amended as follows: (h) Authorised Dealers
Exchange Control Circular No. 18/2019 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 »
