MICHAEL AVERY: SA has FATF to thank for extradition of Guptas
By implementing the Financial Action Task Force recommendations the UAE has started deporting fugitives
I’m pleased to see SA’s looming potential greylisting by the Financial Action Task Force (FATF) is starting to receive the attention it deserves. The National Treasury has certainly upped the ante publicly, along with several respected CEOs, including Sim Tshabalala of Standard Bank and Hendrik du Toit of Ninety One.
One wonders where this issue sits on the president’s priority list (I suspect somewhere near the bottom), but the consequences for the country, local businesses and ordinary South Africans would be dire, increasing the cost of doing business, weakening the country’s investment attractiveness and further cementing our decline towards ochlocracy...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now