Regarding SA's FATF greylisting, Moneyweb Editor Ryk_van_Niekerk writes: 'For a country that has vowed to fight corruption, following a decade of state capture, the powers that be should hang their heads in shame'.
The Financial Action Task Force placed South Africa on its grey list on Friday. It was almost inevitable. The global anti-money laundering watchdog first warned the country of this possibility four years ago, in 2019, saying that there were severe deficiencies in our standards to fight corruption and money laundering. Read: The implications for SA now that it’s on
removed Cambodia and Morocco from the list. “When the said in a statement on Friday. After the announcement, the rand saw a benign weakening – which underlined the fact that the greylisting was pretty much a given. Source: Moneyweb. For more interactive graphs, see Moneyweb’s Comparison Tool The impact may, therefore, not be as severe as it could have been if it was a surprise, but it will still mean that capital and portfolio flows to the country will continue to decline.
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.
Greylisting: ANC says South Africans will feel the pinchThe ANC agrees with the views expressed by numerous economists: South Africans will feel the pinch of the country's greylisting at a later stage.
Read more »
South Africa's greylisting: what it means | The CitizenThe greylisting of SA by the Financial Action Task Force (FATF) “denotes that the legislative steps taken failed in the endeavors to avoid the greylisting.” Click here for the full story ➡️
Read more »
Ramaphosa on South Africa’s greylisting – it’s not that badPresident Cyril Ramaphosa responds to the recent greylisting.
Read more »
Big jump in South Africans looking to emigrateImmigration firms report seeing a surge in emigration queries among certain South Africans.
Read more »
SARS: Over 400 South Africans named in Panama Papers investigationSARS says over 400 South Africans have been named as persons of interest in the so-called Pandora and Panama Papers.
Read more »
Slight relief for South Africans as Eskom de-escalates power cutsEskom has announced a mixed bag of load shedding for this week, with the country continuing with stage four until 4pm on Monday afternoon.
Read more »