Overview
- FATF’s Paris plenary on October 24 delisted South Africa alongside Nigeria, Mozambique and Burkina Faso after assessors confirmed sustained progress.
- National Treasury cites completion of a 22‑item action plan, an end‑July 2025 on‑site visit, and coordination with ESAAMLG plus technical assistance from the EU, UK, USA, Switzerland and the World Bank.
- Officials reaffirmed political commitment through meetings with Deputy Ministers David Masondo and Andries Nel, with preparations already begun for the next mutual evaluation.
- Business groups expect lower transaction costs and improved cross‑border banking, with a modest market lift as the rand firmed and the 10‑year bond yield eased by about four basis points.
- FATF President Elisa de Anda Madrazo and South Africa’s FIC warned that delisting is not ‘bulletproof’, stressing the need to show investigations, prosecutions and sanctions to sustain compliance.