Exchange Controls in South Africa
As South African businesses continue to expand internationally and engage in increasingly complex cross-border transactions, it is essential to understand the exchange control framework that governs the movement of capital, assets and funds into and out of South Africa.
This webinar provides a practical introduction to South Africa’s exchange control regime, including its purpose, administration and application to common business transactions. This session explores the roles of the South African Reserve Bank’s Financial Surveillance Department (FinSurv) and Authorised Dealers, as well as the principles that underpin the exchange control regulations in South Africa
This webinar examines a number of key transactions that frequently give rise to exchange control considerations, including foreign loans, royalty and licence fee payments, foreign employee share plans, non-resident shareholdings, loop structures and transactions involving the export of capital.
We include practical examples illustrating how exchange control principles apply to various scenarios. Through these examples you will gain insight into common compliance requirements, approval processes, documentary obligations and practical challenges that may arise.
The session closes with a discussion on the recent developments, including the proposed Capital Flow Management Regulations and its potential impact on the future exchange control landscape.
By accessing this webinar, you will:
- Gain a foundational understanding of South Africa’s exchange control framework and its objectives;
- Understand the roles of FinSurv and Authorised Dealers in administering exchange control requirements;
- Develop an awareness of exchange control considerations affecting common cross-border transactions, including foreign funding arrangements, foreign payments and other offshore investments; and
- Obtain a high-level overview of the proposed regulatory developments that may shape South Africa’s future exchange control environment.
CPD: 1.5 hours