The Treasury has suspended a Reserve Bank circular from late October that offered the prospect of SA investors being able to escape caps on offshore investments.
The Treasury said on Tuesday it had suspended the circular from October 29 to avoid “ambiguity” around the rules, saying the prudential framework regulating vehicles such as pension funds remains unchanged...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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Treasury dashes hopes that SA’s offshore investment cap will be liftedThe move aims to avoid ambiguity on rules on foreign investment caps
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