Treasury dashes hopes that SA’s offshore investment cap will be lifted

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Nigeria News News

Treasury suspends Reserve Bank circular on foreign assets

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines