The document adds that transactions creating loop structures contravene, amongst other provisions, Regulation 10 (1) (c) of the Exchange Control Regulations, 1961 (Regulations).

The long-anticipated relaxation of the South African Exchange Control Rules relating to "loop" structures and investment was released on the 4 th of January 2021 by the South African Reserve Bank ...

The so-called “loop structure” remains the biggest exchange control stumbling block for South African resident investors and has probably scuppered more cross border transactions contemplated ...