SARB implements relaxations to IP Exchange Controls and Loop Structures for TMT companies

Silicon Cape
05 Mar 2017

by Webber Wentzel, 2 March 2017

Following National Treasury’s announcement last week on proposed relaxations to the Exchange Control regulation of intellectual property (IP) in South Africa and Webber Wentzel’s ongoing lobbying, the Financial Surveillance Department of the South African Reserve Bank (SARB) has implemented amendments to the Currency and Exchanges Manual for Authorised Dealers (Exchange Control Manual).

Once again, we applaud the concrete and positive steps taken by the SARB and National Treasury to relax the Exchange Control policy framework.

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