JOHANNESBURG - New exchange-control rules are raising alarm bells among international investors.
The Institute for International Tax and Finance warns that the changes could discourage new foreign investment, push existing investors to divest, and even trap foreign income in the country for weeks or months.
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The South African Reserve Bank says the update is part of routine compliance.
But critics argue it’s an own goal at a time when the economy desperately needs investor confidence.
- Michael Kransdorff, director of The Institute for International Tax and Finance joins eNCA to discuss this further.