Exchange control overhaul could boost investment
South Africa is considering a major overhaul of its exchange control regulations, dating back to 1961, with public comment open at the National Treasury until 17 May. Proposed changes include raising offshore allowances, regulating crypto assets, and easing capital-flow restrictions. The Johannesburg Stock Exchange said the reforms could unlock significant long-term investment and help curb capital outflows. Independent economist Ulrich Joubert said exchange controls were introduced during a time of […]