Exchange controls reduction

[Blik]

Any thoughts on Pravin's Medium Term Budget Policy on the lowering or reduction of exchange controls. Will this weaken the rand? Time to look at Rand Hedges?

[Werner_1]

Exchange control reduction is awesome! I am very happy about it...

[SimonPB]

in the big picture it is tiny .. rand weakened more on the deficit news, but is already pulling back ..

[Blik]

I dont have 2.5 mill to take out, and I certainly dont have 4 mill now - but hopefully this will unlock a bit of value for some of the funds and companies.

[quovadis]

Any idea when the new amounts become effective?

[#6]

I think the R4 Million cap is still too small. In his budget for next year Feb he should make it unlimited.

[Werner_1]

unlimited without the requirement for a clearance certificate... that would help alot...