BLSA releases report on negative economic impact of SA's Grey listing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

South Africa currently risks being Grey-listed next year in February if it fails to meet recommendations listed by the International Financial Action Task Force.

South African bank notes featuring images of former South African President Nelson Mandela are displayed next to the American dollar notes in this photo illustration in Johannesburg.South African bank notes featuring images of former South African President Nelson Mandela are displayed next to the American dollar notes in this photo illustration in Johannesburg.

Financial firms around the world including banks will increase their due diligence to any South African client. This means there will be extensive processes for assessing the source of funds. As a result of the increased compliance, some firms may elect not to do business with any South African company or individual. It will reduce investment in the country.

The BLSA report provides clear guidance on what the government should do to ensure Greylisting does not cause long-term damage to the economy.

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:

 /  🏆 37. in US
 

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

I really wish it could be Gray-listed so that you will open your eyes. Everything went wrong the day we were told that we have freedom, not economy, not our land and minerals. the worst part is that we didn't interfered when obama and his nato minions chose to kill Gadaffi.

ProudlyMsTee Everyone was talking from their comfort zone when operationdudula was addressing the issue of illegal immigrants running all this kind of businesses illegal in south Africa not aware what are they doing with the profits. Here it goes operationdudula saw this coming.

United States United States Latest News, United States United States Headlines

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

Balobedu leadership dispute postponed to Friday - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The High Court in Pretoria has postponed the Balobedu leadership dispute case to Friday. The foster parents of Princess Masalanabo Modjadji are challenging the selection of Masalanabo’s brother, Prince Lekukela Modjadji, as heir to the throne. Patriarchy a SHAME! BADIMO BA FASE BA BALOBEDU HANANE,REJECT N REFUSE!PUNISH ALL WHO FUEL THIS BALOBEDU = QUEENSHIP
Source: SABCNews - 🏆 37. / 51 Read more »

SABC to brief NCOP Committee - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Broadcasting Corporation (SABC) Board and Executive are expected back to brief the National Council of Provinces' (NCOP) Select Committee on Public Enterprises and Communications on Wednesday morning.
Source: SABCNews - 🏆 37. / 51 Read more »

Three people shot dead in Khayelitsha - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Three people have been shot and killed in Harare in Khayelitsha on the Cape Flats. Police say two others were wounded when gunmen opened fire on a residence in Siphendule Crescent. In Harare am not getting it right
Source: SABCNews - 🏆 37. / 51 Read more »

Myanmar court jails Suu Kyi for 3 years for graft: Source - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A court in military-ruled Myanmar on Wednesday sentenced deposed leader Aung San Suu Kyi to three years in prison on charges of accepting a bribe, a source with knowledge of the matter said. These are sham trials.
Source: SABCNews - 🏆 37. / 51 Read more »

Twitter reviews policies around permanent user bans - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Twitter Inc is reviewing its policies around permanently banning users, possibly bringing its content moderation in line with Elon Musk's vision for the social media platform, the Financial Times reported on Wednesday.
Source: SABCNews - 🏆 37. / 51 Read more »