greylistlatest news & developments
The country’s financial systems, especially international transfers, must be fit for purpose in the digital age. Photo: File

Greylisting isn’t the only test of South Africa’s financial system

With a review imminent, the country faces more than the risk of remaining greylisted. Outdated, costly global money transfers are undermining competitiveness, increasing trade risks and deterring investment

5 min read
The country’s financial systems, especially international transfers, must be fit for purpose in the digital age. Photo: File

Greylisting is a symptom. South Africa’s real crisis is dysfunction without consequence

Financial crime governance should be happening in the boardroom and the legal and financial fallout from the lack of enforcement is becoming increasingly serious

5 min read