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SA authorities back-pedal on easing exchange controls for ETFs - independent advisor unpicks the details, implications

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Candice Paine, of PR Financial Services, unpacks the latest developments on exchange control regulations. Inward-listed Exchange Traded Funds and the controversial Regulation 28 are at the centre of this debate. A new circular allowed investors to diversify 100% offshore through ETFs - but this has been suspended. At stake are: how much money might flow out of SA; and consequences on the value of the rand. However some argue that many big companies have a material interest in continued exchange controls that require South Africans to invest in domestic assets. Learn more about your ad choices. Visit megaphone.fm/adchoices
24 Nov 2020 7AM English South Africa Investing · Business News

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