Move away from exchange controls

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If you invest the money, you are usually asked for a declaration by the investment house. Picture: iStock
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.

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