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

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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.

 

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