Treasury decries state-owned companies' bailouts, citing economic woes.
Treasury has acknowledged there is still a lot of work that needs to be done before June next year when the country stands a chance to be removed from the Financial Action Task Force’s greylist.
“Five of 22 action items addressed or largely addressed. That’s why I said still a lot of work between now and June next year. And those relate to legal provisions, criminalising terror financing and South Africa’s sanction regimes.” According to the head of Treasury’s budget office, Edgar Sishi, a few submissions have been made about concerns over bailouts for SOEs.
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