Public Service Commission Act, 1997
R 385
Budget Speech 2018Financial Sector RegulationMaking it easier to invest across borders |
Madam Speaker,
A range of reforms are proposed to make it easier for South Africans to diversify and invest into Africa.
The offshore allocation limits for institutional investors are increased by five percentage points across all categories.
This includes the special allocation to African investments, which will rise to 10 per cent.
The limit applicable to HoldCo, also known as Treasury management companies, has also be increased.
Further administrative reforms are contained in Annexure F of the Budget Review.
