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Displaying the 30 latest comments.
Submitted | first-name | support | concern | top-concern | message |
|---|---|---|---|---|---|
2026-05-21 00:08:55 +02:00 | justin | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | The whole amendment is over reach by the state, and it could be used for nefarious reasons , were the state to slide into further economic troubles, and could be used to target and penalize individuals. i.e. social credit system in china. Which totally goes against the constitution. |
2026-05-20 22:31:36 +02:00 | Rosanna | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | This is against everything a democracy stands for. |
2026-05-20 21:32:44 +02:00 | James | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | This shows the ANC wants to ensure poverty for anybody who earned honestly. These are legislated excuses for theft from those who earned it by WORKING. |
2026-05-20 21:27:57 +02:00 | Hason | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-05-20 21:26:24 +02:00 | Gloria | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | This is against everything a democracy stands for. Another excuse to steal from those who worked for their assets. |
2026-05-20 21:26:24 +02:00 | Gloria | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | This is against everything a democracy stands for. Another excuse to steal from those who worked for their assets. |
2026-05-20 21:23:49 +02:00 | Riaan | No I do not | Regulatory Overreach: Defining 'Anything of Value' as Capital | ||
2026-05-20 21:22:19 +02:00 | Soraya | No I do not | Other | ||
2026-05-20 20:12:53 +02:00 | Pamela Lorraine | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-05-20 20:12:52 +02:00 | Pamela Lorraine | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-05-20 20:05:06 +02:00 | Pamela Lorraine | No I do not | All of the above | Property Security: Attachment of Land & Title Deed Noting | |
2026-05-20 19:29:16 +02:00 | Heinrich | No I do not | All of the above | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | This is state overreach and infringement of the economic rights of South Africans. Allowing this draconian regulations to come into being will set a precedent for the state to infringe on more rights of citizens. |
2026-05-20 18:27:35 +02:00 | Quentin | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | The proposed Capital Flow Management Regulations of 2026 represent a radical shift toward state neo-feudalism. By rebranding "exchange controls" into a catch-all mechanism to monitor and attach "anything with a monetary value," the state is effectively declaring that all private property is ultimately a revocable grant from the government rather than an inherent right of the citizen. This is a disastrous idea for several critical reasons: The Nullification of Property Rights The core of a free society is the sanctity of private property. When the state grants itself the legal authority to monitor and "attach" anything with monetary value—whether it is real estate, physical commodities like gold, or intangible assets like IP and digital currency—the definition of "private" disappears. You are no longer an owner; you are a steward of assets that the state has the discretionary power to freeze or seize at will. This removes the foundational security required for capital formation and personal independence. The Financial Death of Privacy By extending administrative oversight to "everything with a monetary value," the Treasury is creating a system of total economic visibility. This is a prerequisite for a social credit system. If the state can monitor the movement and status of your physical and digital assets in real-time, they can exert pressure on you by restricting your ability to liquidate, transfer, or store your own wealth. Financial privacy is a check against tyranny; when that is dismantled, the individual becomes entirely subservient to the state’s financial whim. The "Asset-Lock" Risk The power to "attach" assets, even before a definitive legal judgment or in the context of nebulous "management," creates an immediate risk of administrative paralysis. A government bureaucracy prone to inefficiency and corruption will now possess the tools to shut down the economic life of its political opponents or critics. Once the legal mechanism for mass asset attachment is in place, it will inevitably be utilized to consolidate political power and punish dissent. Capital Flight and Economic Collapse Capital is mobile by nature and seeks environments where it is secure against arbitrary seizure. These regulations are a clear signal to every productive citizen, investor, and business owner that the risk profile of holding assets within this jurisdiction has reached a breaking point. Instead of "modernizing" the economy, this policy will trigger unprecedented capital flight. The most productive elements of the nation will divest, leaving the state to preside over a dwindling tax base and a hollowed-out economy populated by those who are too poor or too dependent to escape. The Pretext of "Modernization" "Modernization" is the standard euphemism used by administrative states to hide power grabs. The transition from specific exchange controls to broad, asset-agnostic surveillance is not about economic efficiency—it is about control. Modern technology allows for the perfect tracking of the population’s wealth, and the state intends to use these regulations to turn that capability into a monopoly on economic life. Conclusion These regulations mark the end of the concept of the citizen as a sovereign economic actor. If passed, they move the nation from a system of rule-of-law to a system of rule-by-bureaucracy. When the state claims the right to reach into your home, your savings, and your digital wallet, it is signaling that it no longer recognizes the boundary between public power and private life. This is the mechanism by which they will cement their control over the population, and it must be understood as an act of absolute hostility toward the prosperity and autonomy of the people. |
2026-05-20 18:16:14 +02:00 | Kenneth | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | This draft legislation like many others (Short-term rentals, Joburg CCTV, CRL regulate religious, digital id etc.) are seeking to roll away enshrined constitutional liberties and freedoms for citizens and turn a democratic state into a totalitarian surveillance state. The surrender of gold ownership to the state (same as Nazi German regime confiscations of gold from citizens), imported goods (Section 9.5), policing of imported from South Africa (Section 9.7). Section 2(6a and b) and corresponding section 3(a and b) makes National Treasury a marketplace for fair price, which it is not. There is no appeal when foreign currency or gold or crypto asset appreciate but National Treasury offers below market value price. This is daylight robbery by South Africa regime. Moreover, the money to be paid to National Treasury into controlled account (Section 5.6.5a) must be converted using market price. This is double standards. Section 7a, Also here, there is double standards on pricing. Section 4 (Export) does not make sense, Imagine a scenario where I go to Fifa World Cup in the US and I bring $100 back. National Treasury make it illegal to give $100 note to a family relative who is a foreign student in the US, without their approval. Furthermore, Section 4f and 4g is doing away with offshore family or friends providing financial assistance to a resident in the Republic or a refugee receiving remittance. This is insane. Section 8.2 chases away digital nomads, foreign gig workers who are paid in foreign currency or in crypto and are based in South Africa. This leads to exodus of . With remote work on the increase, South Africans cannot benefit due to restrictive rules on foreign compensation. Section 9.1 and 9.3 places the burden on the e-commerce consumer or corporate buyer to report delays of more than 4 months in order fulfillment and thereafter cede the goods to National Treasury. Furthermore, Section 9.5 takes away basic rights of property ownership actually instruct consumer or buyer National Treasury is neither a marketplace nor a warehouse and fair price. Erosion of Property Rights: The National Treasury may attach any property—including immovable property (land)—if there are “reasonable grounds to suspect” it is involved in a contravention of the regulations. If land is attached, the Treasury notifies the Registrar of Deeds, who must note this attachment against the property’s title deed. The Potential Impact: This allows the State to “freeze” a citizen’s home or land based on suspicion alone, without a prior criminal conviction or a court order proving a crime was committed. Once an attachment is noted on a title deed, the owner cannot sell, transfer, or bond the property. This also means that you are guilty without any change and now must prove your innocent which is a misnomer in law. Constitutional Overreach: Forcing individuals to hand over private digital keys or passwords may violate the Section 14 right to privacy and the Section 35 right against self-incrimination. Compelling a person to provide the technical means for the State to seize their property is a significant departure from established legal protections. Economic Risk: Treating all private value as a state-managed resources will discourage foreign investment and drive local innovation to more secure jurisdictions. The Minister of Finance has the power to set and change these thresholds by notice in the Gazette at any time. This means the public is being asked to comment on a law where the “trigger points” are unknown. A low threshold could criminalise everyday transactions, while a high one might only affect the wealthy—but the draft provides no certainty. By defining capital so broadly, the State potentially gains oversight over almost every form of wealth transfer. This could include the sale of a business process, a patent, or even high-value personal effects to a non-resident, all of which would now fall under strict “export of capital” restrictions. |
2026-05-20 18:15:03 +02:00 | Janet | Not fully | Regulatory Overreach: Defining 'Anything of Value' as Capital | ||
2026-05-20 15:37:01 +02:00 | Gary | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | |
2026-05-20 15:33:06 +02:00 | Alex | No I do not | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | ||
2026-05-20 15:28:21 +02:00 | Elize | No I do not | All of the above | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | Really? This is beyond ludicrous! This government will go to any lengths to take every cent and hardvearned posessions from us. Confiscating Gold jewelry which could include, inherited pieces from family, astounding! We have to literally fire this government! |
2026-05-20 15:25:53 +02:00 | Busisiwe | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-05-20 14:46:18 +02:00 | Stephen | No I do not | Regulatory Overreach: Defining 'Anything of Value' as Capital | ||
2026-05-20 14:22:27 +02:00 | Julienne | No I do not | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | ||
2026-05-20 14:18:35 +02:00 | Allison | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-05-20 14:10:32 +02:00 | Sue | No I do not | All of the above | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | I cannot believe the government is trying another avenue to control the people of this currency. In whose mind is it acceptable to demand people to disclose everything they own or forfeit it. What is our excellent constitution for then. I totally disagree with this potential legislation in every way |
2026-05-20 14:09:41 +02:00 | Ivan | Not fully | All of the above | Property Security: Attachment of Land & Title Deed Noting | The draft is a radical overreach that compromises the Bill of Rights. Granting enforcement officers, the power to search personal devices for digital “control” at borders is a massive violation of the Section 14 right to privacy and is open to gross abuse. Regulation 25(5), which compels citizens to hand over private keys and passwords, is highly controversial. This forces individuals to provide the evidence for their own financial “prosecution,” violating Section 35 of the Constitution. The power of the Treasury to “attach” assets based on mere suspicion—without a criminal trial—and the ability to force the sale of private is a violation of property rights and open to fraud and corruption. Measures taken against known criminals where cause goes beyond suspicion and is based on fact could be supported in specific instances. |
2026-05-20 14:08:29 +02:00 | Maureen | No I do not | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | ||
2026-05-20 14:07:14 +02:00 | Robyn | No I do not | All of the above | Section 25 Rights: State Acquisition of Capital | Any law that compromises our rights to our own assets is not acceptable. The government should rather investigate all tge corruption allegations with its own parties before trying to take money or property from anyone else! |
2026-05-20 14:05:04 +02:00 | Johan | No I do not | All of the above | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | |
2026-05-20 13:57:28 +02:00 | Deena | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | |
2026-05-20 12:59:17 +02:00 | Moeksie | No I do not | All of the above | Privacy & Self-Incrimination: Surrender of Passwords/Private Keys | I absolutely DO NOT agree with these Draconian rules made by this communist government. Have they not stolen enough from the citizens??? |
2026-05-20 12:45:50 +02:00 | Piet | No I do not | All of the above | Regulatory Overreach: Defining 'Anything of Value' as Capital | Tye things I have acquired over time is mine and paid with money that was taxed already. If they want it they can have it, but they'll pay for it, while I live for free. That's mos what they want. Communism! |
Supporters of the draft regulations, primarily the National Treasury and the South African Reserve Bank (SARB), argue that these changes are a vital step toward a modern financial system.
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- Modernizing Outdated Laws: The current regulations are over 60 years old and were written long before the internet or digital assets existed. Moving to a “risk-based” system allows the State to focus on high-risk, high-value movements of money rather than policing every small transaction.
- Global Security & Compliance: To stay off international “grey lists” (like FATF), South Africa must prove it can track and stop money laundering and the financing of terrorism. Explicitly regulating crypto assets as “capital” closes a loophole often used by illicit actors to move wealth undetected across borders.
- Protecting the South African Rand (ZAR): Uncontrolled capital flight—where billions in value leave the country via digital wallets—can destabilize the national currency. These regulations ensure the State has the visibility needed to manage economic stability.
- Building a Regulated Fintech Industry: By creating a formal “Authorised Crypto Asset Service Provider” (ACASP) category, the State is providing a legal pathway for legitimate businesses to operate, which they argue will actually attract institutional investment.
Opponents, including civil society groups, legal scholars, and “Bitcoiners,” argue that the draft is a radical overreach that compromises the Bill of Rights.
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- A “Privacy Death-Knell”: Granting enforcement officers the power to search personal devices for digital “control” at borders is viewed as a massive violation of the Section 14 right to privacy.
- Forced Self-Incrimination: Regulation 25(5), which compels citizens to hand over private keys and passwords, is highly controversial. Critics argue this forces individuals to provide the evidence for their own financial “prosecution,” violating Section 35 of the Constitution.
- De Facto Expropriation: The power of the Treasury to “attach” assets based on mere suspicion—without a criminal trial—and the ability to force the sale of private crypto into ZAR is seen by many as a violation of property rights.
- Stifling the “Digital Gold” Economy: Critics argue that treating a borderless technology like Bitcoin as if it were physical gold will drive innovation and young tech talent out of South Africa. They fear these “permission-based” rules will make South Africa an uncompetitive “digital island”.