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After FATF delisting, can South Africa catch the PAPSS wave – or miss it? | SA News

South Africa’s removal from the grey list on 24 October is more than a reputational repair job; it is a practical opening to reduce friction in cross-border finance.

Grey-listing raised diligence costs and affected the risk appetite for everything from trade finance to remittances. Delisting does not erase compliance obligations, but it does lower perceived country risk and gives financial institutions cover to expand services that stalled under heightened monitoring.

The most practical network to take advantage of this reprieve is the Pan-African Payment and Settlement System (PAPSS). PAPSS supports real-time cross-border payments across a growing footprint of central banks and…

Heritage Sites: The country boasts UNESCO World Heritage Sites, including
Robben Island, the Cradle of Humankind, and the iSimangaliso Wetland Park.

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