News Formal

More work still to be done before SA could be removed from grey list - SABC News

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Treasury decries state-owned companies' bailouts, citing economic woes.

Treasury has acknowledged there is still a lot of work that needs to be done before June next year when the country stands a chance to be removed from the Financial Action Task Force’s greylist.

“Five of 22 action items addressed or largely addressed. That’s why I said still a lot of work between now and June next year. And those relate to legal provisions, criminalising terror financing and South Africa’s sanction regimes.” According to the head of Treasury’s budget office, Edgar Sishi, a few submissions have been made about concerns over bailouts for SOEs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 32. in BUSİNESS

Business Business Latest News, Business Business Headlines

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

SANEDI slams stage 6 load shedding - SABC News - Breaking news, special reports, world, business, sportSANEDI has criticised Eskom's move to implement stage 6 load shedding.
Source: SABCNews - 🏆 37. / 51 Read more »

SABC News - Breaking news, special reports, world, business, sportThe country has been put on stage five- of rolling blackouts indefinitely by Eskom.
Source: SABC News Online - 🏆 32. / 51 Read more »