Finance Minister Enoch Godongwana announced the allocation of R14bn in the budget to support the strengthening of SA’s defences against, and prosecution of, financial crime. Moneyweb greylist
Speedily bolstering South Africa’s security cluster must be at the heart of the country’s efforts to exit the Financial Action Task Force grey list, according to Finance Minister Enoch Godongwana. “We’ve got to strengthen that cluster because most of our problems arise from that cluster,” Godongwana said on Friday.
Read: SA will be removed from grey list by mid-2024, says Godongwana He said the FATF’s findings came as no surprise given Judge Raymond Zondo’s state capture report, the publication of which followed exhaustive testimony given at the Zondo Commission of Inquiry into allegations of corruption during former president Jacob Zuma’s years at the helm.
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