Greylisting dents South Africa’s investment profile
South Africa’s heightened global risk status due to greylisting unfortunately dents an investment profile already grappling with factors such as the negative impact of aggressive load-shedding, lack of energy security, ongoing junk status and other uncertainties.
Prof Raymond Parsons, economist from the North-West University (NWU) Business School, in commenting on the decision by the Financial Action Task Force (FATF) to greylist South Africa, says although it has been widely expected for some months, it is bad news that South Africa’s present vulnerable economy can do without.