Dirty money rating risks boosting costs for South African banks, state companies

Global watchdog Financial Action Task Force may opt to ‘greylist’ South Africa after February meetings.

South Africa’s government and state-owned companies will find it harder to borrow money, while banking and asset-management fees may increase if the country is added to a global watchdog’s list of nations with

shortcomings in tackling illicit financial flows. ..You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TimesLIVE /  🏆 28. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa: Slain South African Rapper AKA Laid to RestThe remains of South African rapper Kiernan Forbes popularly called 'AKA' have been laid to rest in a private ceremony on Saturday, February 18.
Read more »

MEC calls for tougher action against illegal land merchants | City PressMpumalanga Cooperative Governance and Traditional Affairs MEC Mandla Msibi has called for tougher action against illegal land merchants who sell stands on riverbanks and endanger lives during times of torrential rain.
Read more »

Matshidiso Lencoasa | The poor should not bear the burden of Eskom’s financial woes | City PressThis week’s budgetshould not deprive citizens of rights to education and health to service debt.
Read more »

ENGLISH PREMIER LEAGUE: Unpacking Manchester City’s alleged beaches of EPL financial rulesThe English Premier League shocked the football world when it charged the reigning champions for breaking financial rules.
Read more »

Robben Island Museum is in financial distress | City PressThe Robben Island Museum hasseen better days, as its funds dwindle and its buildings fall apart. Janice Phiri looks at why what would have been its first island party was cancelled and argues that it may be time for the country to accept change.
Read more »

Multichoice to take action against those 'stealing' PSL contentMultiChoice is stepping up legal action against companies and individuals streaming their sports content illegally.
Read more »