Attracting foreign investment and positioning South Africa as a financial hub for investment into Africa requires a regulatory overhaul. The National Treasury has started the process, announcing in the mini-budget new steps which will start the process of fundamentally changing exchange controls.
The National Treasury has, since 1955, slowly unwound the tangled web of legislation that governs South Africa's exchange control regulations. But 2020 has seen an acceleration of this process as the government works to attract inward investment and position the country as an African financial hub.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article