Dirty money rating risks boosting costs for South African banks, state companies

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 59%

Nigeria News News

Global watchdog Financial Action Task Force may opt to ‘greylist’ South Africa after February meetings.

South Africa’s government and state-owned companies will find it harder to borrow money, while banking and asset-management fees may increase if the country is added to a global watchdog’s list of nations with

shortcomings in tackling illicit financial flows. ..You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.

 

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

 /  🏆 28. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines