State capture sees South Africa greylisted alongside South Sudan, Haiti - Analysts have warned the greylisting could have dire consequences for the country’s already hamstrung economy, by raising its risk profile and hampering investment
When Cyril Ramaphosa became president five years ago, his reform agenda had two big targets: addressing the legacy ofand reviving the economy. The greylist, which South Africa is now on, represents how entangled these two priorities are — and of how much work still lies ahead.
Despite the government’s reform efforts — some made at the eleventh hour — South Africa has been greylisted by theThis reality puts the country in the company of South Sudan, the Cayman Islands, Haiti, Panama and others, which are each under increased monitoring by the Paris-based international financial crimes watchdog for failing to meet standards to tackle
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