JOHANNESBURG - The rainbow nation is expected to be removed from the Financial Action Task Force's greylist on Friday.
South Africa was added to the list in early 2023.
There were concerns it was not doing enough to stop money laundering and terror financing.
WATCH: SA edges closer to FATF exit
Being grey-listed is a warning that a country’s financial systems have weaknesses that criminals could exploit.
It triggers enhanced monitoring, meaning global banks, investors and businesses treat transactions involving South Africa as higher-risk.
To get off the list, the country had to meet 22 specific actions.
READ: SA Greylisting | Govt determined to address FATF concerns
This varied from strengthening laws on beneficial ownership to proving it could successfully prosecute complex money-laundering and terror-financing cases.
By mid-2025, the FATF confirmed South Africa had made significant improvements, paving the way for removal from the list on Friday.
Experts hope exiting the greylist would make moving money globally, attracting investment, and improving South Africa’s reputation easier.
- eNCA business anchor Rofhiwa Madzena has more on this.