South Africa greylisted by anti-money laundering watchdog
SA has been greylisted, a not altogether unexpected decision made by the Financial Action Task Force yesterday. It's been a hot topic for discussion in the 24 hours since - how it affects in the main our trading and transactional relationships with our international counterparts. SA has been taking mitigating actions to address concerns raised by the FATF and tonight we focus on the actions we urgently still need to take to turn this around.
Analyst Khaya Sithole and Prof Mark Swilling, co-director of the Centre of Sustainability Transitions at Stellenbosch University join me now.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Пікірлер: 120
Soon the ANC WILL eat humble pie and André de Ruyter will be exonerated. It is going to cost the ANC their position as leaders in South Africa. It's about time. We had enough of their lies, laziness and ineptness. It's time to go!!!
@angrysocialjusticewarrior
Жыл бұрын
What does Andre even have to do with this topic? And how will Andre be exonerated? He was CEO and intentionally avoided reporting delinquent subordinates to the hawks. Which means that on top of being the only ceo to break historical records of the highest loadshedding in South African history as well as the highest purchase of diesel at inflated prices, he also failed to report crimes and corruption to the hawks. He is factually and indisputably the worst Eskom ceo of all time. Even Molefe and Koko managed to keep the lights on and maintain machines WHILE being thieves. So even thieves did a better job then andre, and the money they stole was less damaging to Eskom than Andre's work. Buddy, there is no exoneration possible. The best he can hope for is to avoid prison time for failing to report crimes. No point in trying to defend him just because he is your "brother".
@fanamlawuli6761
Жыл бұрын
@@angrysocialjusticewarrior please tell him, it's seams white people are the ones who can't c past colour when one of there own is incompetent
@katlegomoatshe1312
Жыл бұрын
ADR was incompetent, he himself admitted that he failed in his mandate to stop load shedding. Worst CEO in history, there was no load shedding under Brian Dames...
These thieves in the ANC need to be kicked OUT of parliament, and made to rot in jail. Ramaphosa and his cronies are just like Zuma and his cronies.
@angrysocialjusticewarrior
Жыл бұрын
Ramaphosa is not a crony, and neither are his faction within the anc. Ramaphosa is the first party leader in South African history to do exactly what you described (kicking cronies out of parliament and having them imprisoned for corruption). No party has ever even tried to do such a thing against its own members including even the DA and EFF. Ramaphosa has also significantly increased the national budget of the police this year to allow them to hire more officers and upgrade their technology and infrastructure.
@thatfirstone
Жыл бұрын
@@angrysocialjusticewarrior What a load of nonsense. Who has he put in jail? Who? Don't tell me Zuma, because Zuma's criminal charges began long before Ramaphosa. Has Ramaphosa said ANYTHING about the $500 billion that was stolen? No. Why? Because he's one of the thieves. Same with his silence about the theft going on at Eskom. Ramaphosa is a crook.
SA should be greylisted and sanctioned... we need a change.
@The_Angry_BeEconomist
Жыл бұрын
sanctions hurt civilians, sanctions is economic terrorism, that makes you someone who supports terrorism, well done
@mrsoshadabaadman
Жыл бұрын
Sanctioned for what though? Greylist yes but sanctions for what?
@lonwolf7922
Жыл бұрын
Anyone who supports the anc also supports terrorists. What's the difference?
@landslordmukhabela6122
Жыл бұрын
@@The_Angry_BeEconomist 'An The Angry Economist ' is someone who can tell you what they predicted yesterday, did not happen today. What makes you an expert?
@landslordmukhabela6122
Жыл бұрын
@@The_Angry_BeEconomist The consortium that is running Eskom is a German Company... Lets rather talk about why almost all SA coal is heading to Germany? We are already sanctioned!
Khaya Sithole is a CA, not an economist. I don’t know why he didn’t correct that misinformation.
@mphilisenisithole1508
Жыл бұрын
He used to do that correction, I assume he’s tired now.
@bonakelencemane6418
Жыл бұрын
🤔But he also, has a Postgraduate diploma (masters level from Oxford University) in Financial strategy (which part of financial economic theory) and now has added a masters degree from st mary's College (University of London) in economics(finance). Therefore, he is as much an economist as he is a CA.
@mystique279
Жыл бұрын
Is he still a CA? Wasn't he stripped of that by SAICA?
Basically the Rand is not a trustworthy currency anymore greylisting a failed state? Haha Zimbabweans are relieved this never happened to them worse than being sanctioned
@calebqoyo4605
Жыл бұрын
What never happened to them? Zimbabwe was on the grey list up until May last year.
@volgantifriebus9549
Жыл бұрын
@@calebqoyo4605 While Zimbabweans are forced to use the USD instead of the Ruble like dogs cowaring back to their master enjoy your failure because this is no victory
@Mashatile
Жыл бұрын
Jealous about Zimbabwe the topic here is about South Africa... Anyway we can tell by the name who is still hurting about Zimbabwe, a little bit of Russian in Zimbabwe case eh?
@chileshemulenga8790
Жыл бұрын
@@calebqoyo4605 lying it was never if so when.
Looking down while speaking could be the secret to his intelligence 😏.
@shafiyaalgiquadra1105
Жыл бұрын
Hahah I always think he is reading from somewhere...😄
@sithabiledlamini6125
Жыл бұрын
@@shafiyaalgiquadra1105 you right, they emailed him the Qs beforehand.
@shafiyaalgiquadra1105
Жыл бұрын
@@sithabiledlamini6125 I honestly think you got it right, it doesn't sound rehearsed, just looks strange?
@gregash6340
Жыл бұрын
He is reading.
@fanamlawuli6761
Жыл бұрын
These fake analyst's, regurgitate mainstream lines, why don't they tell the people who greylists countries,? Why are those people allowed to greylist? What are the alternatives? Instead of being told "it's all doom and gloom" therefore we kiss western behind to make it better
'Sinning' with Russia is the reason, don't be deceived.
@muzim8931
Жыл бұрын
100%
Everyone’s complaining and saying things but no one’s making effort to march or protest and make our voices heard no wonder anc takes advantage coz the people stay quiet comments on social media don’t affect them
@egonrhoodie2745
Жыл бұрын
Yes agree!!!! There's power in numbers!!!!
just remember that "watchdog" is owned by the west G7
Firstly blame ANC second blame all news media they are in this with anc never reporting on the real stories going on
People must read Juan Zarate's (Treasury's War.) So as to understand and have context of it all. These policies are meant for control but are disguised as instruments of curbing against "terrorism" this word is exclusively used by the US as a tool of manipulation. Regime change can be done by imposing clever policies on vulnerable easy sovereign states that are lead by weak and greedy Presidents. Ours included. So I beg for people to read get context and then formulate opinions. Simple question is. .... "WHO IS A TERRORIST and who decides that?
What happened to rating agencies? this too shall pass.
Reading his speech! 😂 Can't even look us in the eye! 🤣😂🤣
@angrysocialjusticewarrior
Жыл бұрын
Nothing wrong with that. Just because it is written down does not mean it is not his own thoughts that are written down on that paper. The most important thing is for us to understand his points, not how well he can speak while staring at us in the eye.
The questions were forwarded in advance. That's he is reading.
I believe from the graduate team of 2005 of UKZN, Khaya made the best success in life so far.
Regime change type beat
The media makes Khaya so many things... Economist now
That's what happens to SA when you don't dance to the Western tunes....
@Das644
Жыл бұрын
Please explain
@dark_red_blood
Жыл бұрын
No...this is what happens when you are corrupt.
@davidroux7987
Жыл бұрын
When you dance to the corrupt poondoo beat
@mattybhoy6522
Жыл бұрын
Are you an idiot? The apartheid regime didnt bounce to western tunes hence the massive sanctions imposed on the country at the time. The Rhodesian Govenrment under Ian Smith were attacked by western governments for removing western powers hands out the cookie jar of Africa. Say what you want about us white south Africans but WE took the hands of westerners out of the pockets of these countries who were bleeding them dry. No. This is a communist regime that has bankrupted this country. You cannot do a single ounce of business without government wanting their hands in the cookie jar. The ANC has sold our souls to the East and pillaged us dry. Every single SOE is destitute. I dont think people realise just how much the ANC has stuffed up. They were handed an absolute gem of a country and decimated it. Even with the help of major foreign investment and international trade that since 1994 they have failed. Everything to do with Communist greedy African politicians who care about themselves only. Black people do not care about black people I have never seen people so cruel to their own people.
@gxobinjasambemntungwa9694
Жыл бұрын
That's what happens when a president hides foreign currency under the Sofas
Our passports are gonna carry lesser value.
Oh my goodness...what a dreadful interview! The guest looks like he's asleep.
@angelodoubel9653
Жыл бұрын
😂😂😂
@danielcollins7513
Жыл бұрын
He can't face the music
@egonrhoodie2745
Жыл бұрын
Dozy!!!!!
@danielcollins7513
Жыл бұрын
Someone wake him up
Don't grey list them. Blacklist them.
@africantraveller8303
Жыл бұрын
typical European claiming to be South African. Go back home.
Reveal Eskom managers home addresses
The financial task force is not a global power or their laws is not legally binding. We can be held responsible for the way we do business. My opinion is that, the SA can continue to do what is right according to what they believe that is legitimate and profitable.
Khaya Sithole is a chartered accountant not an economist.
@sibonisovilakazi3413
Жыл бұрын
He is both now.
@mash288
Жыл бұрын
@@sibonisovilakazi3413 oh that’s greats, congratulations to him
@JAG8691
Жыл бұрын
@@sibonisovilakazi3413 He is a Trans-economist. A CA that identifies as an economist.
This was unprofessional of the guy being interviewed. Did he have to do what he was doing?
@africantraveller8303
Жыл бұрын
yes, why not? he is King.
@aphiwemagaya3279
Жыл бұрын
@@africantraveller8303 king of corruption!
Yet the swiz do the same and dont get greylisted
@JAG8691
Жыл бұрын
The Ukraine is a massive Money Laundering scheme but still Billions of dollars, pounds and euros get sent there.......but that is different because. .....evil madman Putin LOL.
No eye contact? Nods Only? The problem it's one ehhh , ...unfortunately ehhhh, the process ehhhh
@africantraveller8303
Жыл бұрын
Yes
I am not surprised. Perhaps this will cause a wake up call. This greylisting mut remain and more for positive change in the longer term.
2:25 Did she just sigh out of boredom?
I’m not surprised
Any solution that involves the ANC is doomed to fail
Why does this come across as a Question-and-Answer interview??..no problem with looking in the camera when the question is asked,but looks down the entire time while answering..seems a bit fishy...
Nato is fighting back🙌
South Africa was given another middle finger.
Phalaphala is an easier case to start and present. Unfortunately thus case won't be resolved any time soon
Maybe everybody is confusing a political issue with a financial/regulatory issue.
Hmm when lines of patronage rely on murky banking practices you know the members of our government have very little personal motive to make these legislative changes.
Is he an economist or charted account?
Grey listing in simple terms 🤔😭
All his answers is scripted,seems like the questions was given beforehand. He is reading the answers to the questions.
@africantraveller8303
Жыл бұрын
typical European claiming to be South African. Go back home.
Sithole is a CA
okay okay, let's explain this as simple as possible. The collective "west" is unhappy with our cooperation with the collective "east" and feel that we need to penalized.
Let them do whatever they want Nathi we don't trust them they killed Gaddafi band lied by saying he was a ruthless ruler so they must behave or jump
Cyril Ramaphosa the incorruptible business man. NOT!!!!!
What a terrible interview that says nothing....just "we must, we must," but nothing ever gets done.
This is what keeping other countries poor why someone have to say we grey, blue, red or what ever let us be a country and sort out problems and Africa and Europe are not operating the same way so they may put us on what ever level they want but guess what we living and living life in here
he is reading a script??? lol anyone can come read a script
@africantraveller8303
Жыл бұрын
He is King