Changes to the South African Exchange Control Rules Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... Clear Search Sponsored by Sponsored by On 4 January 2021 the South African Reserve Bank released Exchange Control Circular No. 1/2021 which provides for the long-awaited relaxation of the South African exchange control rules relating to “loop” structures and investments. As background, in 2020 the Minister of Finance’s announced in the 2020 Medium Term Budget Policy Statement that the prohibition on "loop" structures for exchange control purposes would be relaxed. As a result, the South African Reserve Bank has advised that from 1 January 2021 the full "loop" structure restriction has been lifted to encourage inward investments into South Africa; subject to the normal criteria applying to inward investments and reporting to the Financial Surveillance Department (FinSurv).