RSG: “R6 billion flows illegally out of South Africa due to weak regulations and control measures.”
An estimated R6 billion is reportedly flowing illegally out of South Africa through informal financial channels, highlighting weaknesses in the country’s regulatory and monitoring systems.
The discussion, featuring SBI director Hettiene von Abo Moolman, focuses on the challenges created by South Africa’s large informal economy, where cash-based businesses and informal money-transfer systems can make it difficult for authorities to track financial transactions
Click below to hear more from SBI Director Hettienne von Abo Moolman,
