In the 2013 Budget Speech, the Minister of Finance, Pravin
Gordhan announced that over the past five years, the South African
Reserve Bank approved approximately 1,000 investments into 36
African countries.
These investments have provided political and strategic
benefits, as well as, economic stimulus in general for South
Africa.
Investments in Africa and the rest of the world also provide a
sustainable market and continuity of work for South African
companies outside of South Africa and contribute to enhancing the
international profile of South Africa. There are also benefits to
social upliftment and skills transfer through additional employment
and generally foreign currency earnings are remitted back to South
Africa in the form of dividends. As these investments are
fundamentally beneficial to South Africa, a number of measures are
proposed to be put in place, to reduce the current exchange control
regulations governing South African companies investing in
