'Embarrassing blunder': Another blow for SA as it counts the costs of greylisting | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Analysts say SA's greylisting by an anti-money laundering watchdog may lead to a weaker rand and higher inflation. The country was greylisted for failing to comply with anti-money laundering and terrorist financing standards. | News24_Business

Finance Minister Enoch Godongwana says SA will "swiftly and effectively" work to address the FATF's eight-point plan.downgraded

SA's sovereign debt to junk, the country has received another stinging rebuke from the international finance system. On Friday, the Financial Action Task Force , an intergovernmental body that sets global standards to combat money laundering and terrorist financing, greylisted SA. The FATF's decision will increase SA's risk profile as an investment destination, placing the country in the company of war-torn nations such as Syria and Yemen.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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:

 /  🏆 4. in İE
 

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

_Business Imagine high inflation while we are still struggling this much ,yoooh ha.a guys 😭😭

_Business The whole cabinet should resign. Tired of slaap tigers

_Business A political party which can’t manage its finances is the same political party that’s managing the country’s finances. What do U expect?

_Business Really think the ruling party actualy give a shit. No they have all the money.

_Business the cANCer proudly steering us into sanctions

_Business America and the West experience terrorist attacks all them, this is propaganda cause we don't support thier position on Ukraine and Russia War

_Business Naledi Pandor has told the government long time . when she was minister of home affair

_Business There is no blunder, only incompetence. anc has no shame. Everyone of you should resign and accept that you are not capable of running a country ANCParliament

_Business Kaka yomntu

_Business Mxm!!!

_Business And you want me vote for crooks

_Business We couldn't even avoid graylisting, that's how bad our finances are😢 in S.A...

_Business I blame Andre De Ruyter. LOL.

_Business Why do they keep employing fools as finance ministers. We have so many intelligent individuals of all races in our work force. How come none of them are ever employed into these top positions.

_Business Yet the ppl of SA still vote this ANC/EFF in! Reap what you sow and enjoy the pile of crap YOU keep voting in

_Business A blunder my ass..... The Government have been warned since August 2022 if they don't take action this will happen......

_Business Deservingly country

_Business Hahahahahahah ah! Hmmm right

_Business when anc came into power they remove soldiers who where patrolling our borders 24/7. now our country is a dumping sites for all sorts criminal gangs from all over the world. this criminal syndicate are now running a parallel government & operating in every sector of our economy.

_Business One problem after the other problem etc. clearly those in power is the source the root and the cause and effect of all these problems. Is there some way we can have an early election 🗳️ cause we need new leadership. The country is a reflection of the current leadership

SAcrimefighters _Business I wonder who is 'economical' with the truth now?

_Business Die blok raak nou benout.....?

_Business Interest, control and possession - these three elements combine to produce outcomes. It seems ANC is blind to their inability to bring about outcomes that have a future.

_Business Sies man.

_Business Purely because of black excellence and the fact that BLACK South Africans rather hold onto hatred of the past and have their country run by a bunch of criminals while they sit without jobs, food and power. Than vote for anyone else. Sad truth.

_Business

_Business No surprise here. The main culprits with money laundering keep getting voted into power.

_Business Where are the bribed ANCParliament bastards protecting a corrupt money laundering kidnapper caught with laundered $4m under couches while his BEE benefactors Glencore are charged for laundering millions in US$ for bribes and others smuggle gold and diamond from Africa daily

_Business All because of the Phala Phala Scandal

_Business MYANC is a money laundering business. There is no way that the world should expect them to fix this. They need the money from shady deals to survive. All money flowing from China/Russia to ANC should be investigated by all.

_Business CRP and the minister of finance must answer for there non conformance regarding this matter. CRP, how long will it take for you to distroy this beautiful country.

_Business Nothing to do with Anti-Money laundering & Terrorist financing All to do with RSA’s stance on Russia & Palestine

_Business Weak controls, checks and balances will cause those with narrow reasoning and xenophobic and afrophobic views and tendencies feel vindicated.

_Business Yes. This ruling party has been so confused about where it sits on this planet. Like a confused partner. Global powers will keep squeezing. These 🤡🤡🤡🤡fools sign up to agreements they know very well will come back to bite them.

_Business How many useful minister or mp do we have ?in this country please 🙏🏿 DenzilTaylor

SAcrimefighters _Business We have such a fantastic government..... They are helping us to hell very fast.

_Business Deep down I feel like this has nothing to do with Financial imperatives but 🇷🇺 Russia..!!

_Business POTUS we get greylisted but they all sponsor wat against the Russians. Hypocrisy

_Business This is, a really annoying problem to have and avoidable.

_Business Another incredible achievement brought to us by the ever-reliable MYANC!!! South Africans MUST vote these parasites out if we are ever to fully recover as a nation. Corruption and embarrassment is all they have to offer! Get them out!!!!!!!!

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Truworths sold off amid concerns over costs, sales - and who its new CEO will be | BusinessTruworths lost almost R2 billion of its market value as its half-year results unsettled investors. By Friday midday, its share price had lost almost 7% since the group reported half-year results on Thursday afternoon. | News24_Business _Business They are stuck in the early 2000s _Business I'm suprised they are still in business _Business Ridiculous prices, fugly clothes
Source: News24 - 🏆 4. / 80 Read more »

Drought in Horn of Africa worse than in 2011 famine | BusinessDrought trends in the Horn of Africa are now worse than they were during the 2011 famine in which hundreds of thousands of people died. _Business We must put god first
Source: News24 - 🏆 4. / 80 Read more »

The rise of the platform economy: How your small business can enter the e-commerce worldSPONSORED: The platform economy has seen commerce move increasingly towards favouring digital platform business models. Examples of these models include service platforms like Uber and Airbnb, to Takealot and Amazon. | Nedbank
Source: News24 - 🏆 4. / 80 Read more »

South African activists urge French Parliament to stop TotalEnergies' 'ocean grab' | BusinessFrench NGO Bloom says about 100 members of the European Parliament, French Parliament, and mayors had shown support for the campaign against TotalEnergies. | GroundUp_News
Source: News24 - 🏆 4. / 80 Read more »

Budget 2023 | SA planning draft law for global minimum 15% corporate tax rate | BusinessBudget2023 | National Treasury is aiming to introduce legislation by 2024 to enact a 15% minimum corporate tax on large companies, part of a global agreement to overhaul international tax rules. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Godongwana strikes back: De Ruyter is 'economical with the truth' about corruption claims | BusinessFinance Minister Enoch Godongwana says that former Eskom CEO André de Ruyter 'was economical with the truth' in his comments about corruption at Eskom in a recent interview. | News24_Business _Business That actually means that there is some truth to it but that u don't have the whole story right🤦‍♀️ _Business Why don’t the ANC PROVE THAT THEY ARE NOT Corrupt. THIS SHOULD SHUT UP THE CRITICS. _Business You know how I know Ruyter's claims are true? All of the MYANC cronies have been galloping to the media to discredit him in less than 24 hours, in contrast to the usual radio silence when the people demand answers...forward comrades!
Source: News24 - 🏆 4. / 80 Read more »