SA business leaders call for speedy arrest, prosecution of high-profile corruption-accused people
The Financial Action Task Force (FATF) says South Africa still needs to strengthen its financial systems to curb corruption, money laundering and terrorism financing.
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JOHANNESBURG - South Africa's business leaders are calling for the speedy arrest and prosecution of high-profile individuals accused of corruption.
The renewed calls come as the government scrambled to get delisted from the greylist by 2025.
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The Financial Action Task Force (FATF) says South Africa still needs to strengthen its financial systems to curb corruption, money laundering and terrorism financing.
The chairperson of the organisation Business for South Africa, Martin Kingston, again warned of the country's diminished ability to attract investment while on the notorious greylist.
“It’s critically important that we make discernible progress on FAFT with the explicit intention of being removed from the greylist. We all understand the benefits to the economy and to the cost of capital by so doing.”
Hawks boss Godfrey Lebeya says law enforcement's eye is on the ball.
“Several activities across the board will be monitored and implemented so that come 2025, we can actually exit the greylisting space.”