| Registration is essential, sign up today! South African tax law stepped boldly into 2021 – firmly in line with government’s stated intention to modernise the country’s existing exchange control system to support South Africa’s growth as an investment and financial hub for Africa. Last year Finance Minister Tito Mboweni announced Treasury’s intention to transform the current exchange control environment into a capital flow management framework. This was first announced during the 2020 national budget speech, and essentially proposed an overhaul of exchange controls to take place over 12 months. The replacement of the current exchange control system is likely to have a significant impact on both corporates and individuals, and for this reason we would like to take stock and unpack what these changes may mean for you. | 