n Tax Breaks Newsletter - Exchange control stupidity : comment
|Article Title||Exchange control stupidity : comment|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Nov 2015|
|Pages||1 - 3|
The standard argument from National Treasury about exchange controls is basically as follows: "We don't have enough foreign exchange reserves, so they can't be abolished - so we'll do nothing (except up a few limits every few years)". The debate therefore goes nowhere.
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