oa De Rebus - Aspects of exchange control - foreign investments, expatriation and repatriation of funds



Foreigners have, since early 1995, been entitled to make investments in South Africa and repatriate the proceeds from the disposal of their South African assets without reference to the South African Reserve Bank (SARB). The SARB distinguishes between foreigners, on the one hand, and non-residents of South Africa who were formerly residents of South Africa, on the other. The assets of such former residents before they became non-residents of South Africa are designated 'blocked assets' under the control of an authorised dealer on behalf of the SARB.


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