South Africa's Exchange Control Practices: A Barclays National Bank Business Guide |
From inside the book
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Page 8
... trading profits ; share pre- miums ; dividends declared but not yet paid ; and ... credit extended to the local company by its non - resident parent and / or associated com- panies . Should a company decide to include an element of trade ...
... trading profits ; share pre- miums ; dividends declared but not yet paid ; and ... credit extended to the local company by its non - resident parent and / or associated com- panies . Should a company decide to include an element of trade ...
Page 14
... trade credit would be R400 000 ; after six months R200 000 . International Investors ( Pty ) Limited ex- pected a small loss over this period , as the factory would have to be fitted out and the machinery Maximum permissible local ...
... trade credit would be R400 000 ; after six months R200 000 . International Investors ( Pty ) Limited ex- pected a small loss over this period , as the factory would have to be fitted out and the machinery Maximum permissible local ...
Page 15
... credit , the hardcore balance at any one time is unlikely to drop below this figure . On a projected purchase figure of R2 million per an- num , trade credit will in fact reach R400 000 over a full year . Exchange Control would accept ...
... credit , the hardcore balance at any one time is unlikely to drop below this figure . On a projected purchase figure of R2 million per an- num , trade credit will in fact reach R400 000 over a full year . Exchange Control would accept ...
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