
Impact of a potential greylisting on SA's economy
Loading player...
Time is running out for South Africa to prove to the Financial Action Task Force that it can counter financial crimes. The watchdog found weaknesses in the country’s ability to fight corruption and money laundering. South Africa has between now and the end of November to show improved strength in this regard. Acting Treasury DDG, Ismail Momoniat says the deadline however is likely to be missed resulting in the country being greylisted. Business Day TV spoke to Sanisha Packirisamy, Economist at Momentum for her take on the impact a potential greylisting could have on the local economy.