If you invest the money, you are usually asked for a declaration by the investment house. Picture: iStock
PERSONAL FINANCE
SA is moving from a framework of exchange controls to capital flow management, but what does that mean for the ordinary investor? Maya Fisher-French takes a look
Over the past few years, exchange control for individuals has been incrementally lifted, making it easier for South Africans to invest offshore or even just send money abroad.
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.