SA faces three-year slog to get off greylist

The Financial Action Task Force has put SA on its grey list. According to Business Day, the nation is likely to face a three-year slog, in order to get itself removed from this global list of 25 countries deemed to have inadequate anti-money laundering and counterterrorist financing controls. The greylisting is expected to have negative consequences, making it more costly and cumbersome to do business. Business Day TV spoke to Garth Theunissen, Investment Writer for Business Day, to unpack what the greylist really means for SA.