South Africa captive domicile overview
2025-10-31
Africa's largest captive market and a global leader in cell captive structures.
| Active captives | 6 pure captives + 10 cell captives (year-end 2025, Prudential Authority) |
| Minimum capital | Third-party cell captives: ZAR 1 million per cell (ZAR 250,000 micro-cells); pure captives subject to SAM solvency requirements |
| Tax treatment | 27% corporate tax |
| Regulator | Prudential Authority (South African Reserve Bank) / FSCA |
Data updated October 2026, compiled from regulator statistics and industry sources (Captive Review, Business Insurance, etc.). Figures refer to the most recent available year; please refer to regulator disclosures for the latest data.