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Grey-listing will have a big impact on insurance industry, says law firm
National Treasury says it hopes to get South Africa off the list before January 2025.
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Read moreNational Treasury says it hopes to get South Africa off the list before January 2025.
No surprise as the Financial Action Task Force adds SA to its list of countries under special scrutiny.
Treasury expects grey-listing will have ‘a limited impact’ on financial stability and the costs of doing business with South Africa.
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Accountable institutions are expected to fulfil their compliance obligations
What you should know about the Financial Action Task Force, its evaluation of South Africa, and how grey-listing works.
The jury is still out on National Treasury’s projected debt stabilisation over the medium term.
The scheme says members who belong to hospital and limited day-to-day plans will pay 7.9% more.
The report also compares the cost of banking at Absa, Capitec, First National Bank, Nedbank, and Standard Bank.
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What are the benefits, premiums and waiting periods?
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As with the similar section 12J investment incentive schemes, the barrier to entry is high.
Independent insights into a range of investment-related matters
The country is in a position similar to the one it was in before the apartheid system collapsed.
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