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Who can deal in foreign exchange in South Africa?

Here’s what you need to know about international money transfers from South Africa and what to look out for in a foreign exchange provider.

South africaSouth africanExchange control regulationAfrican reserve bankFinancial surveillance departmentAfrican revenue serviceSouth african reserveSouth african reserve bankAuthorised dealersAuthorised dealerBureaux de changeFinancial surveillanceCategory twoSouth african revenueDiscretionary allowanceInvestment allowance

Loop Structures – How changes in Exchange Control Regulations may affect your Estate Planning

“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

Coinbase now supports Apple Pay, Google Pay coming later

Coinbase now supports Apple Pay, Google Pay coming later
htxt.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from htxt.co.za Daily Mail and Mail on Sunday newspapers.

South africaSouth africanPrakash hariramaniAfrican reserve bankFinancial surveillance departmentApple walletApple payApple pay supportedFinancial hubAutomated clearing houseSouth african reserve bankExchanges manualAuthorised dealersAuthorised dealerநிதி கண்காணிப்பு துறைஆப்பிள் பணப்பை

Bitcoin crackdown in South Africa — what you should know

Bitcoin crackdown in South Africa — what you should know
mybroadband.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mybroadband.co.za Daily Mail and Mail on Sunday newspapers.

South africaUnited statesSouth africanOlaotse matshaneAfrican reserve bankFinancial surveillance departmentAmerican expressDiners clubNational council of provincesAfrican revenue serviceNational payment systemsFinancial surveillance department finsurvExchange control regulationExchange control regulationsIntergovernmental fintech working groupNational treasury

Celebrating 100 years! 10 facts about the South African Reserve Bank

Jul 19, 2021 | FinGlobal The South African Reserve Bank celebrated its centenary on the 30th of June, 2021. With this momentous milestone in mind, let’s reflect on 100 years of SARB, as well as the history of South African money. History of SARB The South African Reserve Bank (SARB) is the central bank of SA, established in 1921 by the Currency and Bank Act of 1920 to counter abnormal fiscal conditions post World War I. SARB is the oldest central bank in Africa, and it opened for business on 30 June 1921, issuing its first notes to the public on 19 April 1922. At the time, banknotes issued to the public by commercial banks needed to be backed by gold, but when the price of gold in the UK climbed, a profit could be turned by converting banknotes into gold in SA and then selling it in London.

United statesUnited kingdomSouth africaCity ofRepublic of south africaSouth africansSouth africanGerhard rissikWilliam henry cleggChris stalsTito mboweniHerbert bakerJohannes postmusGill marcusGordon leithLesetja kganyago