Exchange Control Regulations, 1961

Notice No. 1111 of 1961

1. Definition of terms

2. Restriction on purchase, sale and loan of foreign currency and gold

3. Restriction on the export of currency, gold, securities, etc., and the import of South African Bank Notes

4. Blocked Accounts

5. Acquisition by Treasury of Gold

6. Acquisition by the Treasury of Foreign Currency

7. Declaration of foreign assets and liabilities

8. Power to prescribe currencies in respect of certain transactions

9. Limitation of optional ports of destination

10. Restriction on Export of Capital

11. Assignment to Treasury of Right to exported goods

12. Goods purchased outside the Republic

13. Prohibition of export of goods imported from countries outside the sterling area

14. Restriction on dealings in securities belonging to non-residents

15. Prohibition of dealings in bearer securities and bearer options

16. Control of capital issues

17. Businesses controlled by persons outside the Republic

18. Provision of security

19. Furnishing of information

20. Exemption from stamp duty

21. Forms

22. Penalty

22A. Attachment of certain money and goods, and blocking of certain accounts

22B. Forfeiture and disposal of money or goods attached or in respect of which orders have been issued or made

22C. Recovery of certain amounts by treasury

22D. Review of, or institution of actions in connection with, attachment and forfeiture or certain money of goods, and of certain orders

22E. Delegation of powers

23. Withdrawal of regulations

24. Administrative relief

[as promulgated by Government Notice R.1111 of 1 December 1961 and amended up to Government Notice No. R.445 in Government Gazette No. 35430 of 8 June 2012]