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

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

19 February 2023 - 21:07 By Prinesha Naidoo and Adelaide Changole

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. ..

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