<p>The Draft Capital Flow Management Regulations, 2026 are being sold as modernisation. That is the polite fiction. The draft does repeal the old 1961 Exchange Control Regulations, but it preserves the most dangerous instinct behind them: the idea that citizens may not be trusted with their own capital unless the state gives permission. ([National Treasury of South Africa][1])</p>

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/5/1/8/379389d1-4bf6-44b8-b9a6-0b71842b8489_south_africa_s_fight_for_digital_control.m4a

Unreasonable regulation will be punished by superior innovation

https://s3.us-east-2.amazonaws.com/pod-public-media-files/2026/5/1/8/27d631a1-4bf8-443d-8c59-1346c586f878_south_africa_s_fight_for_digital_control.m4a

Unreasonable regulations will be punished by superior innovation

The Draft Capital Flow Management Regulations, 2026 are being sold as modernisation. That is the polite fiction. The draft does repeal the old 1961 Exchange Control Regulations, but it preserves the most dangerous instinct behind them: the idea that citizens may not be trusted with their own capital unless the state gives permission. ([National Treasury of South Africa][1])