SOUTH AFRICAN RESERVE BANK LEAVES AUTHORISED DEALERS HIGH AND DRY

Effective 1 March 2021, the South African Reserve Bank (SARB) removed themselves from the process of Financial Emigration. The move was gladly welcomed by Authorised Dealers (banks), as this took away the burdensome process banks had to follow guided by Exchange Control Rulings.

Lovemore Ndlovu

Lovemore Ndlovu
SARS and Exchange
Control Specialist