The immediate impact of graylisting is likely to be muted because South Africa's myriad problems mean international banks already place the country in a higher risk category.The Financial Action Task Force, which polices compliance with anti-money laundering and terror-financing measures, will decide whether to include South Africa on its so-called"gray list".
The Financial Action Task Force, which polices compliance with anti-money laundering and terror-financing measures, will decide whether to include South Africa on its so-called"gray list" during meetings scheduled for February 20 to 24. That's after an evaluation carried out in 2019, following an era of endemic graft, found South Africa lacking in all 11 of its effectiveness measures to combat dirty-money flows.
While graylisting may increase the government's foreign-funding costs and weigh on trade flows, it's unlikely to"significantly" affect South Africa's creditworthiness, said S&P Global Ratings analysts Samira Mensah, Zahabia Gupta and Omega Collocott.
_Business The ANC found out illicit capital was flowing from SA during the 2000s, Mbeki said it publicity bck then, and they did nothing about it. Instead they tried to join thus club, like the greedy clowns they are. Make no mistake, the only factions are the have and have nots.
_Business Gr8 news! We must fight all SOE increases let the market cut their throat if they don’t want to reduce staff and become efficient. Let them all collapse. IMF will bring sanity. List of pain but atleast it will kill the mafia state while there is still some eggs left
_Business PresidencyZA CyrilRamaphosa MYANC is also aiding and abetting murderous dictatorships, while giving the finger to South Africa's largest trading partners. Just brilliant 🙄🙄🙄.