In the February 2020 Budget, the Minister of Finance, Tito Mboweni stated that the current exchange control regulations will be replaced with new less stringent regulations. On 28 October 2020, it was announced that the government will be pursuing steps to promote investment into South Africa. The following measures were announced:

Inward listing

All remaining

The Minister of Finance announced tax relief measures in an attempt to assist small to medium businesses in the face of COVID-19. But what tax relief is available to taxpayers who fall outside the ambit of these new measures?

Instalment payments

Taxpayers unable to pay tax debts due to economic instability caused by the pandemic

01 I Methods of incorporation

A business presence can be established in South Africa, one can either incorporate a South African entity or incorporate a foreign offshore entity, as a so called ‘branch’ or ‘external company’.

02 I Applicable legislation

Both forms of business enterprise are regulated by the Companies Act 2008. However, in the