MARKET WRAP: JSE and rand weaken after SA is greylisted by FATF

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The JSE weakened the most in five months, while the rand fell to a near four-month low

The JSE weakened the most in five months on Friday, while the rand fell to a near four-month low after SA was added to a list of nations that have failed to adequately tackle illicit financial flows.

The Financial Action Task Force , a global body that monitors countries’ efforts to curb illicit financial flows, added SA and Nigeria, to its grey list of countries...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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Well they can go FAT-F-themselves. The bunch of financial gangsters they are.

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