South Africa needs investment, innovation, jobs, and economic growth — not another layer of broad financial controls and administrative red tape. The draft Capital Flow Management Regulations dramatically expand government control over how South Africans move, invest, store, and use capital, including foreign currency, investments, and crypto assets.
While government argues these regulations are necessary to combat illicit financial flows and align with international standards, the current draft risks going far beyond that goal.
Overregulation discourages investment, increases uncertainty, and pushes entrepreneurs, skilled professionals, and capital offshore. South Africans should not need permission from the state to participate in the global economy.
I urge National Treasury to:
South Africa’s economy grows when citizens and businesses are trusted to innovate, invest, and trade freely.
Key concerns with the regulations
We call on National Treasury to:
South Africa cannot regulate its way to prosperity. Economic growth requires trust, openness, and policy certainty.
Add your voice by submitting a public comment opposing unnecessary capital controls and excessive financial regulation.
Every submission matters. Public participation is a constitutional right, and your comment becomes part of the official democratic process considered by government before regulations are finalised.
Together, we can push for policies that encourage investment, protect freedom, and grow South Africa’s economy.
Your contribution ensures that Free SA can continue to fight for your rights. From public awareness campaigns to legal battles, every rand helps us protect democracy and equality.
Sign up for our newsletter to get the latest campaigns, polls, and updates on our advocacy efforts, sent directly to your inbox.