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The greylisting of South Africa by the FATF has not only called into question the country’s ability in combating financial crimes, but also caused reputational damage and highlighted its failure to regulate flows of money through both traditional financial institutions and alternative financial forms such as cryptocurrencies...

The greylisting of South Africa by the Financial Action Task Force (FATF) has not only called into question the country’s ability in combating financial crimes

Foreign investors should be aware of the South African exchange control framework before investing in any South African company. The exchange control framework regulates the flow of...

Sens announcement for PSG GROUP LIMITED – Firm Intention Announcement Regarding The Value-Unlock Initiative and Withdrawal of Cautionary Announcement - SENS

With reference to the February 2022 Budget Speech of the Minister of Finance, wherein further exchange control reforms were announced in Annexure F of the Budget Review, the Financial Surveillance Department issued the undermentioned Exchange Control Circulars to amend the Currency and Exchanges Manual for Authorised Dealers in foreign exchange. Short summary of the Exchange Control Circulars issued on 23 February 2022

Here’s what you need to know about changes to inheritance law in South Africa that affect beneficiaries of deceased estates living abroad.

Crypto assets continue to be a concern for government and regulators around the world as their novelty, diversity and accessibility opened them up to scrutiny…

Myths and facts about blockchain and cryptocurrency Sean sanders, founder and CEO of Revix, debunks popular myths and misconceptions about the blockchain and cryptocurrencies to reveal their immense investment and everyday real-use potential beyond simply being a digital asset Myth: The cryptocurrency bubble is about to burst. Fact: In the last decade, cryptocurrencies breached the US$1.3-trillion mark, making them the world’s top-performing asset class. The blockchain and cryptocurrencie...

On 4 January 2021 the Financial Surveillance Department of the South African Reserve Bank (FinSurv) issued a circular on the removal of the so-called “loop” prohibitions contained in the Currency and Exchanges Manual for Authorised Dealers (the Manual), wherein are set out the approved practices as set out by for use Authorised Dealers, i.e. the commercial banks. At the outset, it must be noted that (a) the basis of what is allowed or not allowed under the Manual is what is contained in the...

2 months ago 6 min read Share with your network! The long-anticipated relaxation of the South African Exchange Control Rules relating to “loop” structures and investment was released on the 4 th of January 2021 by the South African Reserve Bank under Exchange Control Circular No. 1/2021. The “loop” structure and investments restriction were lifted to promote inward investments into ...