Enoch Godongwana has condemned opposition parties for engaging in 'petty politics' rather than assisting in getting South Africa 🇿🇦 off the greylist 📃 Full story here ⬇
process is a rigorous one and we don’t think the decision to greylist South Africa was taken for frivolous reasons,” he said.“The fact of the matter is that South Africa does have challenges of crime and corruption – and that these generate a lot of proceeds of crime.”“Have we seen capital outflows in this economy which we can attribute to greylisting? My answer is no. [For] example, in April we have had positive inflows more than any period between 2017 and now. Those are facts.
“We have not seen any negative reaction by corresponding financial institutions to our institutions. So what we largely have is a politicisation of the problem, rather than a focus on the resolution of the problem.”Godongwana, however, acknowledged the impact greylisting would have on the country’s economic prosperity in the future.
“Even though we don’t think that greylisting has itself posed any significant problem yet, we have to recognise the reasons we were greylisted do have major economic consequences. If we don’t deal with crime and corruption more effectively then we will struggle to solve our economic challenges.”“Having legal tools available to identify and combat
is not by itself enough. We also need to put up our game with respect to enforcing the laws, identifying wrongdoers and prosecuting them successfully.”He further cited state capture as one of the reasons for weakening the country’s law enforcement institutions. “We are making progress in addressing these weaknesses, but this is not the work of the day even with leadership that are not tainted by state corruption, it takes time to build the skills and capacity.”“Starting next week, we are going to have a meeting with them in Mauritius.
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