Reserve Bank Governor Lesetja Kganyago addressing the mediaHe presented the South African Reserve Bank’s annual report to Parliament’s Standing Committee on Finance.
Authorities have warned that South Africa’s anti-money laundering legislative framework is lagging behind when compared with international standards. The Financial Action Task Force has given South Africa until October to fix shortfalls it had identified in how the country combats money laundering and the financing of terrorism.“The implications for the economy are massive, the cost to borrow in this economy will go higher. As highlighted, the country risk premium has gone up. I can’t say it is because of that but we think the market is factoring it in.
The Financial Intelligence Centre has cautioned that South African small businesses are also at a risk of money laundering:
Nearly collapsed.. thought another big name accused of sexual assault again....
Tell him we dont care about all tht,but he must watch the space more cash heist will take place
We warned ANC about porous borders out of love of our country.We complained about unfair competion from foreigners.We were insulted,told to learn from foreigners to run spaza shops.Instead of ANC investigating the source of their products.Covid showed us why they are cheap.
Blame the looting ANC.
Mxm