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JOHANNESBURG - Economist Joseph Busha says South Africa needs to do more to end corruption which will help eliminate money laundering.
He says the greylisting will cost people more to do business here.
READ: South Africa greylisted
South Africa was added to the Financial Action Task Force's list of greylisted countries last week.
This means the country is on the list of nations that have failed to adequately put in place measures to tackle illicit financial outflows.
Watch the video above for more details.