Deceased estates - the FYI on claiming your inheritance in SA when you live abroad
Here’s what you need to know about changes to inheritance law in South Africa that affect beneficiaries of deceased estates living abroad.
Source: finglobal.com
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Top News In Exchanges Manual Today - Breaking & Trending Today
South Africa has introduced stricter rules for crypto traders – and it's causing headaches
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…
Source: businesstech.co.za
Myths and facts about blockchain and cryptocurrency
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 cryptocurrencies have been around since 2010. In early 2021, cryptocurrencies breached the $1.3-trillion mark, maki...
Source: techcentral.co.za
Exchange control relaxation: removal of loop
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 Exchange Control Regulations, 1961, and the discretions given to FinSurv and the Minister thereunde...
Source: polity.org.za
The Long-Anticipated Relaxation Of The South African Exchange Control Rules Relating To "Loop" Structures And Investments
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 South Africa, subject to the normal criteria applying to inward investments and reporting to the Fin...
Source: iafrica.com