South Africa has until the end of August to submit a report to the Financial Action Task Force indicating its plan of action toAreas of concern include the local banks’ effectiveness in reporting suspicious transactions and the government’s ability to demonstrate improvement in the laws and work done by investigating authorities and courts to arrest corruption and money laundering.
An Economist at Old Mutual Johan Els says, “It looks like South Africa is on a path to be greylisted. That means there’ll be more costs involved in terms of participating in global transactions, costs for banks etc. But I do not think the impact will be as negative as many people assume, it doesn’t involve South Africa from being eliminated from international investment indices.”
“South Africa still stands out in terms of the strength of its economy and its institutions compared to other similar emerging markets. The policy environment, the regulating environment, all of that will help South Africa,” adds Els.
And when we tell the GovernmentZA about these spaza shops they don't listen!
Starts with the State President!
Please help me get a journalist to help me speek my hurt
Good 👍
RedFaceBos
RedFaceBos
PumPum_Radebe All because of the ANC, Ramaphosa&SABC tht has been quiet about the criminal issues affecting SA. The banks a doing the most to combat money laundering, they are afraid of being sanctioned but then again ANC is in power it can buy it's way from anything. Head of state $4m cash?🙀
PumPum_Radebe Good. This criminal ANC government needs to be held accountable and sanctioned
Well done Cyril Ramaphosa
I said that last year but you never listened! That jungle is not a country and must be disconnected from all global systems. It is a haven of all forms of criminality
Now you want to worry about the integrity of SA banks. SA has NO integrity left. Passports, smuggling etc cost us all integrity world wide under ANC administration. Or are your main concern that the ANC leaders won't be able to move money out of the country. Don't blame banks.
This is exactly how 🇿🇦 passport holders lost visa-free entry into 🇬🇧 back in 2006. We were warned and given ample time to fix things but the old ppl up there failed. When Blinken was in 🇿🇦 last week, he probably gave a final ⚠️ for us to fix this mess. We’re a terror 💵 hub.
They must sanction those banks and our financial sector
Put RamaCorona's name first‼️‼️‼️
Inflation is up, fuel prices are up, unemployment is up and Moody's has not rated South Africa as being junk status. If the other guy was still president Junk Status would be trending on Twitter.
What more can you expect when it's a country that's run by thieves that line their own pockets as a priority.
When political party behaves like liberation movement, can't anticipate accident before it happens. We'll be crossing rivers to Namibia, Rwanda, Kenya etc
Blame it on the President and the media that continue to support him. When all things are said and done the main contributors towards SAs banana republic status is the media.
Kudala yenzeka lento. They have reported that they have bought farms for their own military trainers. The ruling party looks away as usual. They don't care
Thanks to the people's movement
High time this happens to our arrogant entitled corrupt thieving ANC government. Past sanctions will look mild in comparison.
Because of Ramaphosa
That's what happens when you have a government and the media who think a country should be governed on emotions, and not through the rule of LAW!!
Cyril Ramaphosa's phalaphala is the epitome of money laundering
All because of porous borders, illegal immigrants terrorizing the country and its citizens, illegal mining, all these are the causes.
What a pity if grey-listed in the midst of worsening economy!! Consequences of breaching regulations. Wishing for quick remedial action before G20 Bali summit.
Well,, we do have terrorists in our shores, the ANC led government...
Another feather in the cap of our wonderful 'leaders'
All this because of Cyril.
Well done to all the 'comrades ' for helping this already rotting country into a deeper rot very quickly !!!!
Hustle_Gee_ Can they please add it!!!!
Then someone comes and say second term for President Cyril Ramaphosa others say people's President benya abantu
Mara some 5years ago they were praising the banking system of RSA saying it is a great one, today its a mess. What's going on really? 🤔
There's only one money launderer in South Africa and his name is Cyril don't confuse people 🤔
That time moodysratings is nowhere to be found.
We thought we were gonna be like Zimbabwe kanti we are becoming Nigeria
Mmmm ... this is just getting worse...we have laws that are toothless. TreasuryRSA
SA Banks you mean
Ramaphosa is the number one money launderer!
Julius_S_Malema MYANC CyrilRamaphosa PresidencyZA EFFSouthAfrica instead you branded us Xeno, we warned u, now look. You ppl made us the official treasury of the taliban bokoharam alshabab & naija mafia. hell has a special kona 4 u traitors PutSouthAfricansFirst
Abelungu
Only IanCameron23 and his ilk should be worried, majority of our people can not be poorer than they already are.We are used to leave with fokkol.
Naledi Pandor 💪
The powers that be using soft power again
Can't we vote early?
Tell Ramaposa who borrows money everyday &doesnt even hav a decency to tell ppl how it was spent! Our duty z to pay money we never used with our taxes! The country z gone yet ur busy protecting a sick criminal who feeds us fairytales everyday! We r sold!
None of them are black owned mara we are expected to trust that all their dealings are above board, Hai futhi this country...
Codename__X I won't be sharing this good news on how am getting paid from Brandonkaren11 platform if I didn't see others testifying I was doubting but now that am experiencing how great her platform work.I also recommend you to Brandonkaren11 BITCOIN MINING for safe and secured investment
This is a ckufed up situation 😳😢
That's crap strait
The spazashop economy is a contributing factor here...especially funding such activities in East Africa.
All because of one man who runs a laundry service in Phallaay Phallay
Dadddy_K We know we’ve seen this … even these mall cellphone repair shops by foreign nationals. How can a Nigerian/pakis afford a Rosebank rent , how many people are fixing iPhone screens daily to least say those R1500 x30 can cover rent ? This is something the FIC mst close on !
Dadddy_K Finally someone is touching this elephant in the room … Follow the gold to see the real smugglers , don’t tell us about banks.. start there by CitiBank
Where did Cyril think all his shenanigans will end up, Now the whole of SA must suffer just because of him!
But PutSouthAfricansFirst compliant about ISIS hiding in tuck shops and u called them xenophobic 😂😂😂😂😂😂😂
Finally
They are busy closing innocent citizens bank accounts to shut down their businesses whilst they turned the blind eye on important things, a heavy handed regulator role becomes necessary going forward
US and European think they're clever... We see them... Russia all the way 🇷🇺
PhalaPhalaFarmGate
HelenSuzmanFdn SERI_RightsSA ForDemocracySa KathradaFound I hope you and your friends are ready to defend us against this 'greylist'
Foreign owned spaza shops. They must regulate the sector or close it down.
This is not good at all
Corrupt money laundering schemer Cyril Ramaphosa has set the trend. Arrest the money launderer Cyril Ramaphosa and South Africa's investment rating will improve.
Thanks to mrphalaphala and his PhalaPhalaFarmGate scandal.
HelenSuzmanFdn and SAHRCommission.
VoetsekANC .... I have nothing further to say.
These are the results of protecting foreigners...then they call us Xenophobic...
It's bcz of Phala phala bank
They must do as they wish its not like the so called investors are assisting us in our livelihood
Lol just say Cyril will get us to the greylist
Let them add SA,,,the thug doesn’t want to resign
Madombolo_ With Ramaphosa in charge we will be added even in hell before we die
Well done 👏 minister Pandor you dropped the bomb on the oppressor and now they are hurting. AFRICA 3 America 0
Just because of your president Ramaphosa
All these are as a result of CR17 and phalaphala PhalaPhalaFarmGate stop beating about the bush
Thuram23 Phala Phala...President Ankole.Hope he is watching the space
We all know the problem...💁
Madombolo_ But this must be the reason enough for the government of Ramaphosa to act on spaza shops and deport the rest...Motsoaledi already said all spaza shops are illegally operating...
SAReserveBank where is your Governor to scream at them. Or he only screams to protect the top 5 banks 🙄🙄🙄
Tsotsi number one is the president himself
Please elaborate on the 'outflow of investments'? Are they gonna close/ sell their businesses in SA?
PhalaPhalaFarmGate 📍
RSA state and financial sector are certainly a criminal syndicate. CrimesAgainstHumanity
The banks who manipulated the rand for over a decade and charge Africans higher interest rates. They are thieving thugs.
Any country with a convicted terrorist displayed on all bank notes clearly should have raised a red flag long ago.
This is big mos!! Why the dude is still president?
Thanks to PhalaPhalaFarmGate scandal and Cyril Ramaphosa personally
Is NATO in the list ? We are happy to join..
Squirrel Ramaphosa wonke 😩
Because of Phala Phala mafia
This is GREAT!! It will rid us of these foreigne nationals. Nigerians scammers , drug lords and the Pakistan terorist will go operate in another country
The only time the sabc has reported correctly was when that female reporter called Cyril Ramaphosa MR. PHALAPHALA
Because we are in bed with Russia 🇷🇺 ?
Oops. We’ll all be stashing cash in our lounge furniture soon. CR leads by example. He might have been tipped off of this development? I guess it’s also a result of our banks reluctance and feet dragging to act against Guptas and their comrades in crime.
Should have happened years back. SA banks are part and parcel of the ANC rot in sunny South Africa..
The masses are living in poverty... Who benefits when there is an inflow of foreign investment...?
Brought to you by ANC
Aai
It's a new day! It's a new dawn!
The fish rots from the head. Ramphosa is the biggest money launderer in South Africa, ask Arthur Fraser if you don't believe me.
South African Banks ungagifaki
Well they are white banks and they do this knowingly
South African banks
Banks say banks because they are the dirty party don't make it an us thing
Bull shit
Americans are at it again, just because Naledi Pando told them kak, now they are reacting. They are clearly trying to twist our hand.
All because of this by Ramaphosa
Mmmmm kwanzima
ANC is hard at work....... soon we'll be considered a failed state
It's been long time coming
We are going to defend through our submissions and definitely not going to be grey-listed
South Africa our beautiful country is a useless country under our own elected BLACK person 'CRY MY BE LOVED COUNTRY '
Our Problem Started When Maberemisa And His Stellenbosch Handlers Bought The Naserec Conference Which Gave Us PhalaPhalaFarmGate Bank Which Is Under Scrutiny For Money Laundering Currently 🤔
Has this got anything to do with the mattress bank?
Britain using black people to destroy everything the previous regime created, for interfering in their colonial affairs, which the demographic majority have corrected, we'll be using the pound again soon
I blame the South African Apartheid soldiers....mercenaries.
UnmovedLee What did you expect. Our number is the biggest money launderer.
Riddlemethat14 That’s what they where pushing for nothing new here
What a great achievement!!
Where are credit ratings?
MYANC must take full responsibility !
by who , USA , africa must work up from dreaming
🤣South Africa and integrity in the same tweet?
My encounter with Mark_bannes_CEO actually changed my life and for that I'll keep updating people for his good job thanks once again Mark_bannes_CEO
What did you expect when the head of state, Mr Glencore Vaccine Ramankole, is a money launderer? 😂😂😂😂
Even SA credit cards will be problematic abroad. We're screwed, thanks to the MYANC
This is actually good. We've been sleeping and we need to wake up.
The results of PhalaPhalaFarmGate are following us. Instead of dealing with their errand boy through FBI, they opt to bury their heads in sand and blame it on the country. We too are to blame. How difficult is it to cyrilhanouna cyrilramaphosamustgo.
Why do you still protect racist companies? Imagine earning three times your current salary just because you leaked racist company's payroll. Lets end racism in the private sector by leaking payrolls leakcorporatepayroll
Aah president is able to hv dollars under his mattress so anything is possible 😅💵
What did we expect when number one citizen stash money in coaches & mattress?
Riddlemethat14 🙆♂️ Just because of one corrupt man, Cyril Ramaphosa. They should put the PhalaPhalaFarm guy on the list and leave SA alone.
No wonder our president sleeps on top of dollars... 🤔
Who cares? When the biggest drug-money laundering country in the world is the US? and its not on that list. Tell them to put our country 100 times over.😬
Riddlemethat14 All because of one man and his handlers!
Mr Phalaphala will be shocked when he wakes up from his nap
Thanks to CyrilRamaphosa
President Qhoqhoqho's none corrupt activities.
Foreing spaza shops and Phala Phala Bank
Thuram23 People don't want to listen when we tell them that Pakistani and Somali spaza shops are funding extremists
CyrilRamaphosa 60mill. 💰
The country has been going down on a slope slowly but recently that has been accelerating.. which is sad for the future of this country.
Those who are born from the year 2000 and who will qualify to vote in 2024 it's your assignment to remove ANC from power. Don't complain now.
Good maybe our government will pull up their socks when it comes to immigration issues.
SimonPGrindrod Becoming a great person in life do take time but time awaits you so get started with _JamesAlderson He's actually the best in the stock market. A highly recommended broker
That true look Swazi terrorist live freely in south africa they even carry big firearms
SAHRCommission SERI_RightsSA HelenSuzmanFdn are u guys happy?
With the president also involved in money laundering schemes this comes as no surprise.
Phala phala fraudster is a liability
Repercussions of PhalaPhalaFarmGate CyrilMustGoSleep CyrilMustGoToBed RamaphosaMustGo
I wish u could tell that to your president omubi
It must be number 1 on the list with the face of the Ankole as a flag, not our national flag!
SAHRCommission SERI_RightsSA , your spaza shop friends fund ISIS, now we will suffer the consequences
uMarhobane Well with the ANC government... It's about time
Mesebetsi ya MYANC, citizens warned you about the influx of foreign immigrants from dangerous countries but you never listen to anyone HomeAffairsSA
You need to read the report by the Prudential Authority.
Well done ANC, fuck up after fuck up. Well done to your supporters too.
SimonPGrindrod CyrilRamaphosa sarstax OCJ_RSA NPA_Prosecutes ALL THANKS TO ALL OF YOU!!👏👏👏 PhalaPhalaFarm PhalaPhalaFarmGate
Too bad I do repeat it and again too bad💔🤞 shocking news
SimonPGrindrod Where there is ANC kubi
SimonPGrindrod This President is costing us, ate they implying that the stash of different foreign currency in his farms is a result of money laundering and could probably be funding terrorism
Tuck shop schemes 💯
Sophie_Mokoena Given how endemic corruption is in this country, I don't see this government avoiding this greylisting.
SimonPGrindrod Hhhmmm, are they retaliating to Minister Pandor's reprimand and strong message of indignation for the US being bullies?
In football language
SimonPGrindrod Nothing is sacred here nothing
42566657PL Cyril the saviour
Cyril Must face the music
Thanks to our government.
Another Cadre deployment disaster cause by the myanc and the ANCParliament .
And quid of the USA. If I am not mistaken, most of the drug deal are reported to be made in $...
Cyril Ramaphosa
Thanks to Cyril
Cyril Ramaphosa's service delivery. PhalaPhalaFarmGate
It's fine. Consequences of Naledi Pandor recently standing up to the 🇪🇺🇺🇲bullies and standing with BRICS
Thanks to our top leadership foe laundering
Banking system is another scam
And the inflow of foreign currency through the PhalaPhalaGateFarm bank under the mattress
Dankie New Dawn
Because of ramaphosa and his ANC cult
Consequences of Naledi Pandor comments to the US 😂
Stop threatening us, not sure what regular citizens must do with this info outside of worrying. Tired of that, add SA to whatever bs list its fine we have bigger problems
You can't have the whole world here and expect normality
PhalaPhalaFarmGate
Y'all are responsible for this GovernmentZA HomeAffairsSA SANDF_ZA SAPoliceService CyrilRamaphosa MYANC
ANC has a good story to tell ✊🏿🖤💚💛