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“Earlier this year, in January 2021, the Reserve Bank issued new Exchange Control Regulations which effectively legalises what is commonly referred to as the ‘loop structure’.” Even though we have experienced some financial instability because of the Covid-19 pandemic and the recent looting, the effects of what’s currently happening in the country is yet to be fully realised. This has caused many investors in South Africa to look outside our borders. But what does this mean for anyone who would like to move investments offshore?

South africaSouth africanSouth africansExchange control regulationsReserve bankDiscretionary allowanceInvestment allowancesFinancial surveillance departmentSouth african reserve bankForeign investment allowanceForeign discretionaryIncome taxCapital gains taxSouth african basedAuthorised dealerCommon monetary areas