Page 106 - பல்கலைக்கழகம் ஆஃப் ஜோகன்னஸ்பர்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MONEYWEB LIVESTREAM ‘Ultra-high net worth clients definitely want to explore opportunities with the new relaxations’. By Moneyweb 11 Mar 2021  14:01  The replacement of the current exchange control system is likely to have a significant impact on corporates and individuals. Image: Shutterstock  South African tax law stepped boldly into 2021 – firmly in line with government’s stated intention to modernise the country’s existing exchange control system to support South Africa’s growth as an investment and financial hub for Africa. Last year Finance Minister Tito Mboweni announced Treasury’s intention to transform the current exchange control environment into a capital flow management framework. This was first announced during the 2020 national budget speech, and essentially proposed an overhaul of exchange controls to take place over 12 months.

South africaSouth africanChantal robertsonMoneyweb ryk van niekerkTito mboweniChantal marxUniversity of johannesburgGlobal solutions head crossBank chantal robertsonBank wealthHead of research wealthGlobal solutions specialistsGlobal solutions specialistFinance minister tito mboweniWillem van der merweSolutions head