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FINANCIAL ACTION TASK FORCE

What the Fica? South Africa’s possible greylisting in black and white

South Africa’s banks and the treasury must address legal loopholes and weaknesses by October or face greylisting by global money laundering watchdog

  • Sarah Smit
5 min read
After delivering a solid set of results this week, Nedbank chief financial officer Mike Davis has insisted that impending interest rate cuts won’t flatten the group’s performance this year. (Nadine Hutton/Bloomberg via Getty Images)
ABSA

Nedbank features negatively in state capture report; Standard Bank defends itself

So far, one of South Africa’s ‘big four’ banks faces a serious allegation levelled in the Zondo report — and more revelations may follow

  • Sarah Smit
10 min read