*Update: Since publication, National Treasury has re‑uploaded the Media Statement and revised the public comment deadline to 18 May (previously 10 June).
The National Treasury published the Draft Capital Flow Management Regulations, 2026 for public comment on Friday, 17 April 2026. The draft regulations represent a fundamental overhaul of South Africa's exchange control framework, moving away from the pre-approval model towards a risk-based system focused on reporting, surveillance of high-impact and high-risk cross-border transactions and combating illicit financial flows.
Key changes in the draft regulations
We summarise below some of the key changes proposed in the draft regulations:
