Not signing Fica Bill will jeopardise SA's credit rating

The Financial Intelligence Centre Act (Fica) is important legislation because this will be closely monitored by the financial world to see if South Africa is abiding by the norms of governance. That's according to chief economist at Econometrix, Azar Jammine.

A failure to pass this amendment will jeopardise our credit rating and lead to potentially more situations of the like of future growth not lending to SOEs (State Owned Enterprises) for example.

Dr. Azar Jammine, Chief Economist, Econometrix

The perception will exist that this is another one of those instances where the government is unwilling to implement what is seen to be normal global cooperative governance.

Dr. Azar Jammine, Chief Economist, Econometrix

Listen to the full interview below for more information...

The Council for the Advancement of the South African Constitution (Casac) is calling on President Jacob Zuma to urgently sign the Bill into law or return it to the National Assembly if he has reservations.

Read More
Why Sfiso Ncwane was the superstar of SA music industry

Why Sfiso Ncwane was the superstar of SA music industry

Ncwane died from kidney failure at Fourways Life Hospital on Monday morning.

Tight budget compelled 8% fee increase  - Wits

Tight budget compelled 8% fee increase - Wits

Yesterday Wits announced fee increase, and starts in-sourcing workers from January which was one of the Fees Must Fall demands.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

Award-winning gospel artist Sfiso Ncwane dies

Award-winning gospel artist Sfiso Ncwane dies

Ncwane died from kidney failure at Fourways Life Hospital on Monday morning.

SA companies selling marijuana oil to treat illnesses

SA companies selling marijuana oil to treat illnesses

A number of online companies are offering medical marijuana to treat medical conditions despite marijuana being illegal in SA.

Cape woman's murder seen as hate crime

Cape woman's murder seen as hate crime

Noluvo Swelindawo was shot and killed at the weekend and her body found near N2 highway.