💨 Abstract

South Africa has been removed from the Financial Action Task Force's (FATF) grey list, which tracks countries with strategic deficiencies in combating money laundering and terrorist financing. This decision, announced on Friday, follows significant reforms in South Africa's financial oversight and enforcement mechanisms. The delisting is expected to boost investor confidence, lower bond yields, and ease debt-servicing costs, although it may not significantly alter the country's growth outlook.

Courtesy: Garrin Lambley