# Public comment on a draft circular for the overhaul of South Africa’s exchange control laws dating back to 1961, can be submitted to the National Treasury until 17th May. The finance ministry’s proposals include raising discretionary offshore allowances for individuals, regulating crypto assets and easing capital-flow restrictions. The JSE estimates the changes could attract at least ten-trillion-rand in investment over time and attract more investor capital. A key aim of the overhaul is to address long-standing structural problems that have seen South Africa lose financial capital to rival hubs.
Overhaul of South African’s exchange control laws could attract billions