However busy President Jacob Zuma may be (and there’s certainly lots he should be doing — like supporting his finance minister, and showing leadership on the university crisis), you’d think he’d be able to find a few seconds to affix his signature to a document passed by parliament in May. And yet, the Financial Intelligence Centre Amendment Bill has sat on his desk for four long months, gathering dust. This may seem like an everyday piece of legislation of the sort which loses nothing by a few extra days’ contemplation. Not so. In fact, Zuma’s delinquency in signing the bill endangers the fluid operations of our banking system, which in turn allows it to fit seamlessly into a global banking network. South Africans are able to make payments to overseas institutions, and accept them only because all the parties to these transactions have agreed to process these payments. But unless Zuma gets with the global programme designed to thwart money-laundering and the illicit financing of te...
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