South Africa's Exchange Control Practices: A Barclays National Bank Business Guide |
From inside the book
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Page 3
... short period ( say , under twelve months ) , the correct account- ing treatment would be to show it as sundry trade credit in the books of the local company . If the loan is to be reflected as a medium to long - term liability , it ...
... short period ( say , under twelve months ) , the correct account- ing treatment would be to show it as sundry trade credit in the books of the local company . If the loan is to be reflected as a medium to long - term liability , it ...
Page 14
... long - term liability in respect of the offshore loan , would reduce the loan funds to R225 000 . An acceptable pro - forma balance sheet for Ex- change Control would be : Issued share capital R100 000 Shareholders ' loan funds R225 000 ...
... long - term liability in respect of the offshore loan , would reduce the loan funds to R225 000 . An acceptable pro - forma balance sheet for Ex- change Control would be : Issued share capital R100 000 Shareholders ' loan funds R225 000 ...
Common terms and phrases
25 per cent abroad African Reserve Bank amount application arrival in South authorised dealer BARCLAYS NATIONAL BANK blocked assets borrowings Botswana cash funds date of arrival Department of Trade dividends emigrant's emigration from South Exchange Control approval Exchange Control authorities Exchange Control purposes Exchange Control Regulations exemption export facilities finance foreign assets foreign investor foreign national temporarily HOOVER INSTITUTION I/We understand income International Investors Pty International Limited investment issued share capital JIM JONES Johannesburg Stock Exchange leasing liability licensed product loan funds long-term liability manufacturing ment my/our arrival national temporarily resident normal banking channels OVERDRAFT parent company percentage period permitted PRETORIA prior Exchange Control Republic resident in South respect settling-in allowance share capital shareholders South Africa South African companies South African Reserve South African resident South West Africa submitted subsidiary trade credit transferred to South United Kingdom voting securities