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The long-anticipated relaxation of the South African Exchange Control Rules relating to "loop" structures and investments (By Chido Pamela Mafongoya) The "loop" structure and investments restriction were lifted to promote inward investments into South Africa JOHANNESBURG, South Africa, January 28, 2021/APO Group/ -- 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 rest...

Content provided by Last updated: 28/01 - 14:40 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 Financial Surveillance Department (FinSurv...

In line with the South African Reserve Bank’s (SARB) undertaking to implement a new capital flow management system, changes began to come through in early 2021. In the first circular for the year, issued on the 4th of January 2021 (Circular), the SARB announced that with effect from 1 January 2021 the full "loop structure" restriction for private individuals and companies that are tax resident in South Africa had been lifted to encourage inward investments into South Africa. The removal does come with caveats, however, in that such structures are subject to the normal criteria ...

South African resident individuals and companies - loop structures Following the Minister of Finance's announcement in the 2020 Medium Term Budget Policy Statement and in order to support South Africa's growth as an investment and financial hub for Africa, it is advised that the full 'loop structure' restriction has been lifted to encourage inward investments into South Africa; subject to the normal criteria applying to inward investments into South Africa and the reporting to the Financial Surveillance Department. This reform is effective from 2021-01-01 and applies to private individuals an...

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” s...