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

  • @paulsenjohannes
    @paulsenjohannes Жыл бұрын

    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

    @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

    @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

    @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...

  • @thatfirstone
    @thatfirstone Жыл бұрын

    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

    @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

    @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.

  • @landslordmukhabela6122
    @landslordmukhabela6122 Жыл бұрын

    SA should be greylisted and sanctioned... we need a change.

  • @The_Angry_BeEconomist

    @The_Angry_BeEconomist

    Жыл бұрын

    sanctions hurt civilians, sanctions is economic terrorism, that makes you someone who supports terrorism, well done

  • @mrsoshadabaadman

    @mrsoshadabaadman

    Жыл бұрын

    Sanctioned for what though? Greylist yes but sanctions for what?

  • @lonwolf7922

    @lonwolf7922

    Жыл бұрын

    Anyone who supports the anc also supports terrorists. What's the difference?

  • @landslordmukhabela6122

    @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

    @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!

  • @calebqoyo4605
    @calebqoyo4605 Жыл бұрын

    Khaya Sithole is a CA, not an economist. I don’t know why he didn’t correct that misinformation.

  • @mphilisenisithole1508

    @mphilisenisithole1508

    Жыл бұрын

    He used to do that correction, I assume he’s tired now.

  • @bonakelencemane6418

    @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

    @mystique279

    Жыл бұрын

    Is he still a CA? Wasn't he stripped of that by SAICA?

  • @volgantifriebus9549
    @volgantifriebus9549 Жыл бұрын

    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

    @calebqoyo4605

    Жыл бұрын

    What never happened to them? Zimbabwe was on the grey list up until May last year.

  • @volgantifriebus9549

    @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

    @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

    @chileshemulenga8790

    Жыл бұрын

    ​@@calebqoyo4605 lying it was never if so when.

  • @sithabiledlamini6125
    @sithabiledlamini6125 Жыл бұрын

    Looking down while speaking could be the secret to his intelligence 😏.

  • @shafiyaalgiquadra1105

    @shafiyaalgiquadra1105

    Жыл бұрын

    Hahah I always think he is reading from somewhere...😄

  • @sithabiledlamini6125

    @sithabiledlamini6125

    Жыл бұрын

    @@shafiyaalgiquadra1105 you right, they emailed him the Qs beforehand.

  • @shafiyaalgiquadra1105

    @shafiyaalgiquadra1105

    Жыл бұрын

    @@sithabiledlamini6125 I honestly think you got it right, it doesn't sound rehearsed, just looks strange?

  • @gregash6340

    @gregash6340

    Жыл бұрын

    He is reading.

  • @fanamlawuli6761

    @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

  • @Mashatile
    @Mashatile Жыл бұрын

    'Sinning' with Russia is the reason, don't be deceived.

  • @muzim8931

    @muzim8931

    Жыл бұрын

    100%

  • @labakes1389
    @labakes1389 Жыл бұрын

    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

    @egonrhoodie2745

    Жыл бұрын

    Yes agree!!!! There's power in numbers!!!!

  • @The_Angry_BeEconomist
    @The_Angry_BeEconomist Жыл бұрын

    just remember that "watchdog" is owned by the west G7

  • @theblueexorcist8731
    @theblueexorcist8731 Жыл бұрын

    Firstly blame ANC second blame all news media they are in this with anc never reporting on the real stories going on

  • @babakawaz8225
    @babakawaz8225 Жыл бұрын

    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?

  • @africantraveller8303
    @africantraveller8303 Жыл бұрын

    What happened to rating agencies? this too shall pass.

  • @chantellesouthafrica
    @chantellesouthafrica Жыл бұрын

    Reading his speech! 😂 Can't even look us in the eye! 🤣😂🤣

  • @angrysocialjusticewarrior

    @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.

  • @petrushailombe5397
    @petrushailombe5397 Жыл бұрын

    The questions were forwarded in advance. That's he is reading.

  • @kingquads6982
    @kingquads6982 Жыл бұрын

    I believe from the graduate team of 2005 of UKZN, Khaya made the best success in life so far.

  • @floridaman_85_58
    @floridaman_85_58 Жыл бұрын

    Regime change type beat

  • @TsieLeMoswang
    @TsieLeMoswang Жыл бұрын

    The media makes Khaya so many things... Economist now

  • @miranmo9142
    @miranmo9142 Жыл бұрын

    That's what happens to SA when you don't dance to the Western tunes....

  • @Das644

    @Das644

    Жыл бұрын

    Please explain

  • @dark_red_blood

    @dark_red_blood

    Жыл бұрын

    No...this is what happens when you are corrupt.

  • @davidroux7987

    @davidroux7987

    Жыл бұрын

    When you dance to the corrupt poondoo beat

  • @mattybhoy6522

    @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

    @gxobinjasambemntungwa9694

    Жыл бұрын

    That's what happens when a president hides foreign currency under the Sofas

  • @nandipenxa3274
    @nandipenxa3274 Жыл бұрын

    Our passports are gonna carry lesser value.

  • @angiemac8066
    @angiemac8066 Жыл бұрын

    Oh my goodness...what a dreadful interview! The guest looks like he's asleep.

  • @angelodoubel9653

    @angelodoubel9653

    Жыл бұрын

    😂😂😂

  • @danielcollins7513

    @danielcollins7513

    Жыл бұрын

    He can't face the music

  • @egonrhoodie2745

    @egonrhoodie2745

    Жыл бұрын

    Dozy!!!!!

  • @danielcollins7513

    @danielcollins7513

    Жыл бұрын

    Someone wake him up

  • @davidroux7987
    @davidroux7987 Жыл бұрын

    Don't grey list them. Blacklist them.

  • @africantraveller8303

    @africantraveller8303

    Жыл бұрын

    typical European claiming to be South African. Go back home.

  • @AlexandrosPanagio
    @AlexandrosPanagio Жыл бұрын

    Reveal Eskom managers home addresses

  • @joemoses2907
    @joemoses2907 Жыл бұрын

    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.

  • @mash288
    @mash288 Жыл бұрын

    Khaya Sithole is a chartered accountant not an economist.

  • @sibonisovilakazi3413

    @sibonisovilakazi3413

    Жыл бұрын

    He is both now.

  • @mash288

    @mash288

    Жыл бұрын

    @@sibonisovilakazi3413 oh that’s greats, congratulations to him

  • @JAG8691

    @JAG8691

    Жыл бұрын

    @@sibonisovilakazi3413 He is a Trans-economist. A CA that identifies as an economist.

  • @aphiwemagaya3279
    @aphiwemagaya3279 Жыл бұрын

    This was unprofessional of the guy being interviewed. Did he have to do what he was doing?

  • @africantraveller8303

    @africantraveller8303

    Жыл бұрын

    yes, why not? he is King.

  • @aphiwemagaya3279

    @aphiwemagaya3279

    Жыл бұрын

    @@africantraveller8303 king of corruption!

  • @shutin4good227
    @shutin4good227 Жыл бұрын

    Yet the swiz do the same and dont get greylisted

  • @JAG8691

    @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.

  • @chrissylater5863
    @chrissylater5863 Жыл бұрын

    No eye contact? Nods Only? The problem it's one ehhh , ...unfortunately ehhhh, the process ehhhh

  • @africantraveller8303

    @africantraveller8303

    Жыл бұрын

    Yes

  • @nondumisokunene9279
    @nondumisokunene9279 Жыл бұрын

    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.

  • @yououtuber4176
    @yououtuber4176 Жыл бұрын

    2:25 Did she just sigh out of boredom?

  • @lungelogcaba9954
    @lungelogcaba9954 Жыл бұрын

    I’m not surprised

  • @reprimand33
    @reprimand33 Жыл бұрын

    Any solution that involves the ANC is doomed to fail

  • @stanmarr4488
    @stanmarr4488 Жыл бұрын

    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...

  • @africantraveller8303
    @africantraveller8303 Жыл бұрын

    Nato is fighting back🙌

  • @esorliversage6634
    @esorliversage6634 Жыл бұрын

    South Africa was given another middle finger.

  • @kenmotse
    @kenmotse Жыл бұрын

    Phalaphala is an easier case to start and present. Unfortunately thus case won't be resolved any time soon

  • @ockertwessels649
    @ockertwessels649 Жыл бұрын

    Maybe everybody is confusing a political issue with a financial/regulatory issue.

  • @moneyblackblood
    @moneyblackblood Жыл бұрын

    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.

  • @thembanimgenu190
    @thembanimgenu190 Жыл бұрын

    Is he an economist or charted account?

  • @africanstories7423
    @africanstories7423 Жыл бұрын

    Grey listing in simple terms 🤔😭

  • @elizevaneeden2000
    @elizevaneeden2000 Жыл бұрын

    All his answers is scripted,seems like the questions was given beforehand. He is reading the answers to the questions.

  • @africantraveller8303

    @africantraveller8303

    Жыл бұрын

    typical European claiming to be South African. Go back home.

  • @siyabongamvelase6437
    @siyabongamvelase6437 Жыл бұрын

    Sithole is a CA

  • @hanruvandermerwe3983
    @hanruvandermerwe3983 Жыл бұрын

    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.

  • @ndumisohector7020
    @ndumisohector7020 Жыл бұрын

    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

  • @mrsoshadabaadman
    @mrsoshadabaadman Жыл бұрын

    Cyril Ramaphosa the incorruptible business man. NOT!!!!!

  • @milmarQ
    @milmarQ Жыл бұрын

    What a terrible interview that says nothing....just "we must, we must," but nothing ever gets done.

  • @ndumisohector7020
    @ndumisohector7020 Жыл бұрын

    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

  • @oliverbruce1702
    @oliverbruce1702 Жыл бұрын

    he is reading a script??? lol anyone can come read a script

  • @africantraveller8303

    @africantraveller8303

    Жыл бұрын

    He is King