US wants SA to fast-track plans to address its financial system deficiencies.

South Africa was greylisted a year ago amid calls to double down on corruption, money laundering and terrorism financing.

The United States (US) is calling on South Africa to fast-track plans to address deficiencies in the country’s financial system, as weak controls continue to worry investors.

It’s believed the country’s ability to attract investment diminished after landing on the notorious grey list.