A security expert is cautiously sceptical about National Treasurys statement that South Africa will exit the Financial Action Task Force (FATF) greylist next year.
Jana de Kluiver, research officer at the Institute for Security Studies, said while SA remained on the greylist, it would harm the markets.
The primary focus should be on resolving the fundamental issues that had caused SA to be listed.
These underlying issues not only discourage investment but also contribute significantly to the countrys economic challenges. Implementing the required FATF reforms is essential to establishing a stable and appealing investment environment in South Africa, she said.
Treasury said SA likely to get off list in Feb 2025Her remarks come in the wake of National Treasury saying that SA would likely get off the FATF greylist in February 2025. However, the country still has to address all 14 of the remaining Action Items to get off the list.
