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financial action task forcelatest news & developments
Up, up and away: Under President Cyril Ramaphosa South Africa has done very well since his 2018 State of the
Nation Address and is on an upward trajectory, the writer argues.

Tide turns on SA’s age of hope

The new dawn that the President spoke about in 2018 is no longer an elusive mirage

Minister in the Presidency for Planning, Monitoring and Evaluation Maropene Ramokgopa. Photo: Supplied.

High levels of corruption cripple SA municipalities but government optimistic about improvements, Ramokgopa says

Minister in the presidency for planning, monitoring and evaluation said there had been progress in implementing the country’s medium-term development plan, running from 2024 to…

Finance Minister Enoch Godongwana.

Godongwana forecasts better revenue, strikes optimist tone in medium term budget

The finance minister announced a lower inflation target of 3%, which the South African Reserve Bank has been pushing for

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 Outdated, costly global money transfers are undermining competitiveness, increasing trade…

Oppression: Zimbabwe’s President Emmerson Mnangagwa. Photo: Natalia Fedosenko/Pool/Reuters

Amendments to the voluntary organisations Act threatens civic space in Zimbabwe

Repression in the country is cloaked in reform through the suppression of nonprofit organisations

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

There has been nothing remarkable about the government of national unity’s first year in office, but the steadying of the ship has been invaluable. Photo: GCIS

Brinkmanship in GNU devastating for SA

The Trump factor, plus the ANC and the DA playing to the brink, has cost the country R1 trillion

Deputy national prosecutions director Rodney de Kock dies of brain cancer

The National Prosecuting Authority praised him for his passion for justice and the rule of law

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Pragmatic, pinched budget statement dampens growth hopes

Finance minister Enoch Godongwana forecast 1.8% growth over three years, coupled with a bigger deficit, as debt service costs crowd out fiscal space

Mission: The NPA will tap into the private sector for expertise needed to get South Africa off the Financial Action Task Force grey list.(Fani Mahuntsi/Gallo Images)

NPA to get private sector forensic help

The move is aimed at helping South Africa get off the Financial Action Task Force grey list and the prosecute state capture cases

The National Prosecuting Authority (NPA) has withdrawn corruption charges against former cabinet minister and ANC national executive committee member Zizi Kodwa. Photo: Frennie Shivambu/Gallo Images

Zizi Kodwa faces R1.6m ‘bribe’ charges

The National Prosecuting Authority has encouraged its prosecutors and investigators to go after state capture cases

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

More to be done before SA makes its great grey list escape

According to the treasury, the country’s authorities still need to fulfil 17 tasks in its 22-point plan This content is restricted to registered users and subscribers. Get Your…

National director of public prosecutions Shamila Batohi. (Photo by Gallo Images / Sunday Times / Alaister Russell)

NPA must move fast for SA to escape grey list’s grasp

The National Prosecuting Authority is ready to act on state capture crimes but whether it has the ability to do so has been questioned

DA supporters march to Luthuli House to protest against the energy crisis South Africa is currently facing.  (Photo by Ihsaan Haffejee/Anadolu Agency via Getty Images)

DA: Greylisting is indictment on government’s inability to combat financial crimes

The top priority must be to take swift action to get off the greylist, restore SA’s reputation and regain the global community’s trust, party says

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

Despite progress, South Africa’s greylisting is in black and white

Financial Action Task Force noted the country made ‘a high-level political commitment’ to work with the watchdog to tackle money laundering

Finance Minister Enoch Godongwana.

Godongwana says risk of grey-listing is real

The finance minister said South Africa still needs to address shortcomings but hopes the sanctions will not be severe

Reformed: Mauritius cleaned up its act and turned itself around after being greylisted. Photo: Peter Kuchar

SA’s possible greylisting is a blessing in disguise

The country shouldn’t be facing this threat but it could bring urgency to bringing in reforms to stop corruption

The treasury on Wednesday allocated more funding to the justice department to improve the prosecution service’s capacity to pursue complex cases, with an emphasis on financial crimes. It promised more of the same to come in the main budget in February 2023.

Treasury opens the purse for corruption prosecutions

After a small increase in the MTBPS, there will be further allocations for the NPA and the fight against financial crime in the 2023 budget

‘Prepare for the worst’: 85% chance that SA will land on grey list

If the government is seen to be making serious efforts to comply with anti-money laundering requirements, the country’s greylisting might not last long

Chief Justice Raymond Zondo hands over the last part of his report to President Cyril Ramaphosa. Photo: Ntswe Mokoena

Why state capture could see SA greylisted

The Gupta era exposed the flaws in the country’s anti-money laundering framework and now the government is dealing with the consequences