The body had previously found that South Africa scored poorly when it came to having rigorous laws relating to anti-money laundering and the countering of financing terrorism.Earlier this week, Director-General of National Treasury Ismail Momoniat warned the country should be prepared for the possibility of being greylisted.
“I think if we look at what will happen … if we were to be Greylisted, for example, it’s to what extent have we made progress. I think we’ve made phenomenal progress in the last year and a half. I think when a county is seen to be taking actual steps, it’s just a matter of time to complete those steps. I think we can reduce the impact if there were to be an adverse outcome.”
CEO of Botswana Stock Exchange, Thapelo Tsheole, shared their country experience of what South Africa could expect if it were to experience the same fate. “It becomes difficult for you to attract new investors into your market, both domestic and international investors, and there’s some level of investors pulling out of the market, some start selling off their shares and divesting from the market.”
While USA & UK actively sponsor terrorist all over the world, nothing gets said or done to them. SA needs to forget the ties to the west and strengthen ties with the rest of BRICS countries, Africa, Asia and Latin America…. Following orders from the G7 is not the best for SA
We are GREY LISTED because a Clown ascended to Union Building hoping to be a President but instead the Union Building turned into a circus!
Whats new with these geniuses running the country. Wonder what the next thing is they will screw up?
It was bound to happen with this crooked ANC
By time I think
It's due to cadres deploying
Is there a way we can mistakenly leave ANC off the ballot papers for 2024 so no one is even tempted to vote for them ? 😣
Thank you ANC…. Thank you, just another useless set ofpoliticians who don’t care about anyone else except themselves. So the right thing and give up power to people who know what they are doing.
Greylist brown list who cares thina we gain nothing sesijwayele Kuba senjeni thanks to Cyril and anc
,7 7,6 , c x ': f e W nj1 wa
Duh... they know what they're doing. It's all part of the economic collapse and shift plans
SA does not have that ability to show growth. Bla k then we have nowhere to go. Technically we are backup blac we ate officially bankruptcy an we wil not qualify for loans
Mnxm
What is grey list
It’s the beginning of the end
Greylist Woow,a lot is coming we going to learn all this words while SA going poor don't wanna know really 😭😭
Rutendo matinyarare was right he saw it coming we in trouble if Ramaphosa don't act fast we doomed as a country big tym😭
Thank you to all the ANC voters. They have looted this country into bankruptcy and not one of their looters are in jail yet. All the SOE'S are dis functional, Escom is down the drain, municipalities are not operational. What do we expect. It is going to hit us very hard.
These sons of the b..... .are stealing our resources!!!
We the poorest black south africans are responsible for this. We kept ANC in power for us to suffer more.
Ja ne here it's coming be prepare
Thanx to ANC.
Thank you ANC. Another milestone for you.....on not one to be proud of!
Pakistan's economy is crumbling and they are here en masse what results did you expect!!
Thanks for another award, I hope greedy politicians and private business and persons involved in such things are proud of themselves.
Black list I can understand.. greylist.. WTF...
No surprises there. PresidencyZA making life ever more difficult for our nation and ruining the country like a cancer slowly draining life out of the body and all culminating in an excruciating and painful death. killingSAslowly
This country is titanic
Because of corrupt ANC
Results of playing and doing exercises, with despots in their yard.
We r not Europeans
Thats a punishment for allowing Russia to do do its military exercise in the country and also for being vocal against Israel
We should have been added to a blacklist...🙄
South Africa is screwed
Another Cyril accomplishment , salute, SA is grey listed Bravo, re tsamaya le yena to our country's grave
Phalaphala and cash used for buying conferences has mostly led to these greylisting saga .
That's bad news
Because of corruption, our country has become a liability to lend money to. It's sad to see the many oppressed by the few in power.
Another notch for the ANC who seems to be hell bent to destroy SA
Wenzeni uZuma
A country led by tsotsi
Pres Zuma is gone, who to blame?
Well, the president has made it acceptable for people to keep millions of undeclared dollars stashed in mattresses and furniture.
Guys...can someone please explain what this means in simple English. I want to know if should i be worried or not as a SAn citizen
Ay abame laba.They must greylist our minerals too and coal tsek bona
It's time to stop blaming the ANC and start blaming those who vote for them. I sincerely hope there are many ANC supporters who like luxuries from abroad or have businesses that depend on foreign capital who will now suffer because of their vote.
Stuff these colonial digs and their multiple watchdogs who ensure that African countries always remain at the bottom of the pile and their currencies are always manipulated to be the worst performing so they all get their resources for nothing!. Wake up SABC and say something!
Oh fuk off. Why are the foreign powers acting like they haven't been operating in this fashion for years? Arms deals, drugs ? Major illicit trade regions globally surely are in the US and Europe.
Seems accurate
Shame on you South African media. You failed have failed to Cyril accountable for PhalaPhalaFarmGate now the rest world is now speaking and you all of a suddenly show care and concern. You have failed Period!!!!!!! You had the opportunity to thoroughly investigate PhalaPhala
We should stop depending.
A country is as strong as it institutions and the government ability to be sovereign within it's own boarders. Ramaphosa is opening us up for scrutiny and failure.
Implication of phalaphala gate. If the President does not have respect for law institutions that protect our nation then how are the citizens expected to. I understand this decision,Ramaphosa is opening us up as a country for failure
We want to uprise once everything has collapsed... I swear we're looking at our country go down the drain at our watch like were spectators. Sol'khomba ngelinye ilanga izwe lethu
We'll the money They chowing is not worth shit Build you're rand then you don't have to take so much to notice as it has value
Thanks CR
KganyagoLesetja and his MPC will just increase the repo rates to address the consequences of the greylist. The same way Eskom_SA is addressing the shortage of electricity with loadshedding. CyrilRamaphosa's solutions are hope, plans, & committees without actions & results!
50 shades of grey... We are being f'd BY ANC in so many ways
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Why we allowing Europeans to dictate to us. This affects the poor and middle class the most. Does not hurt the thiefs. Same affect as sanctions. Hurt the populace.
it's a sad state affairs eskom and its board members are contributing factors that eskom is always receiving money from us via nersa and the government but 254 billion is a chunk us south Africans needed this money for our survival we cash strapped an oversight
I have been warning the anc lead government to be more proactive to make our rand go further so we can buy more with a R100 but unfortunately they never listened as usual we are the loser of our hardwork hence theres nothing more to say I told you so.We grappling to survive
Well done to all involved…… You should be proud
They have never sit in Africa and decide about things in Europe, Asia or Americas but they will sit there and make decisions about Africa and Africa will welcome it with open arms...
Good move. Now we have all the reasons to remove MYANC
💩 Status
When you are on a back foot, even a greylisting by an agency you've never heard of before tailspins your currency.
The ANC lot must be delighted, well played you lying thieving miserable miscreants who should rot in hell
Grey listing discourages foreign investment, and South Africa stands to suffer foreign direct investment shrinkage as a consequence. Portfolio inflows stand to decline. Other general investment inflows are also likely to decline.
CyrilRamaphosa must account
I'm not an expert. But after viewing and analyzing this post from beginning to end, line by line, word by word, letter by letter. I came to the conclusion and i can say that i can't say anything because as i said at the beginning, I'm not an expert.😄
Besithi re morata kau fela kanti yini manje🤦🏾♀️
THANKS TO THE F.CKING ANC
Yet another wonderful goal achieved by this crooked government.
That's what the west does to someone who supports Putin
Rejoice, another day proving what we've all seen over decades of decay. Black South Africans are incapable of running a civilised, democratic, ethical and educated government. They just resort to crime and decay. That's all they have in them.
What does being grey listed mean?
You can’t have a President of a country laundering money in broad daylight at his farm and expect not to be sanctioned, the world can tell inganekwane nje in Mzansi organised crime is having field days
What's that task force fart?
This country is a heaven for terrorists and international criminals. ALL these pakistani/indian shops survived the wrath of Covid and load shedding while local businesses have been closing down. I've always known it would come to this. That National shutdown must come quick!
HURRAH..
Good news ever, proudly brought to you by Mr Phalaphala
When a country fail to remove international crocks operating within the Republic, same country will suffer the consequences from international finance watchdog FATF.
Money from Somali Spaze Shops financing terrorism in Mozambique where our soldiers are suppose to curtail terrorism. Fake & expired foods. The ANC, DA & EFF do not love poor people & our country.
we dont caare
It is for the good.
Thanks ANC now we buggered.
I can’t say am surprised, South Africa is a crime scene. Just few minutes ago a CIT just happened just next to me. Criminal syndicates are running the country, and probably terrorist l groups are running their operations from this country. There’s no leadership here
Black people in this country need to wake up really fast. You know all that fancy stuff you like that we import? Well, we pay USD for that, and it's about to get a whole lot more expensive
Phala Phala contributed to this.
This we can't fully blame ANC for. It's the west trying to force Africa's hand again
With a corrupt money laundering thug for a President PHalaphalaFarmGateCriminal PhalaphalaFarmGate DollarGate CR17BankStatements,this was bound to happen 🚮.And not a word from the PP,NPA,SAPS,SARB etc.CryTheBelovedCountry!
Minister of Greylisted to be appointed 🔜
Well done to the thieving corrupt useless spineless MYANC crooks of CyrilRamaphosa✊🖕
They have no shame they are stealing African resources not paying tax now they want to bully us
Why in Paris?
As always, he will blue-tick this one also. Nothing new.
In 2023, people can meet in France and decide the fate of our country? Tsek
yini manje le 😂😂😂ngoba its cyril anything is possible
The direct consequence of PhalaPhalaFarmGate ❗
manqoba_IMO When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring.
What did we expect, after we insisted to engage in war game with Russia and China, this is what America will do to us, can we therefore say *Let America go to hell* they supported the apartheid system but they did not kill us all!
The can take their grey list and shove it. South Africa is a BRICS Nation. We don't care for monopoly dollars. Our currency is backed by commodities, not debt.
This is due to Cyril Ramaphosa btw. I love the fact that his polished image by SA media keeps on getting tarnished by his doings 😍
Thank you ANC. Thank you voters of the ANC. You are indeed pathetic human beings. The most useless of all creation. Yes, amongst the flies your reign. You’re ANC supporters must be either blind and deaf or they are sharing in the bait.
That means more financial oppression to South Africans bc apparently authorities have to be more stringent... smh
Blame Phala Phala
Mr Phalaphala what you saying now?
This country worries me day by day
All thanks to Phala Phala..
Watch for the signs.
rhulani1baloyi Ja nê, no surprise
CyrilRamaphosa your New Dawn!
I miss Zuma yaz