South Africa's Exchange Control Practices: A Barclays National Bank Business Guide |
From inside the book
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Page 7
... borrowings One of the most important considerations con- fronting a foreign investor in South Africa , is Ex- change Control Regulation 3 ( 1 ) ( f ) , which states : " Subject to any exemption which may be granted by the Treasury or a ...
... borrowings One of the most important considerations con- fronting a foreign investor in South Africa , is Ex- change Control Regulation 3 ( 1 ) ( f ) , which states : " Subject to any exemption which may be granted by the Treasury or a ...
Page 8
... borrowings . Local borrowings include : ― Overdrafts , local discounts , loans , mortgages and debentures , and also local shareholders ' loans to the extent that these exceed the pro- portion in which the resident and non - resident ...
... borrowings . Local borrowings include : ― Overdrafts , local discounts , loans , mortgages and debentures , and also local shareholders ' loans to the extent that these exceed the pro- portion in which the resident and non - resident ...
Page 14
... borrowings = 50 per cent of R275 000 or R137 500 . The required local borrowings ( at R225 000 ) are in excess of those permitted in terms of the Exchange Control's usual formula requirements . International Investors ( Pty ) Limited ...
... borrowings = 50 per cent of R275 000 or R137 500 . The required local borrowings ( at R225 000 ) are in excess of those permitted in terms of the Exchange Control's usual formula requirements . International Investors ( Pty ) Limited ...
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