JOHANNESBURG - South Africa has taken a major step towards exiting the greylist.
The country has completed all the required reforms under the Financial Action Task Force Action Plan.
An on-site assessment is expected soon, ahead of the key FATF Plenary in Paris later this month.
This milestone could have far-reaching implications for investor confidence, the rand and South Africa’s broader financial outlook.
But what could it mean in practical terms for markets and monetary policy?
Bastian Teichgreeber, Chief Investment Officer at Prescient Investment Management, has more on this.