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
No major changes in coalition-run municipalities - analyst

No major changes in coalition-run municipalities - analyst

Analysts say the new coalitions in three of the country's metros has not changed local governance.

A similar car seen at Dangor's break-in and outside Sassa CEO's house

A similar car seen at Dangor's break-in and outside Sassa CEO's house

Intruders' motive for breaking into former social development DG's house remains unknown as they did not take any valuables.

Sports Hub Coaching helping kids get sporty

Sports Hub Coaching helping kids get sporty

Sports Hub is a dedicated coaching programme that provides young children with a foundation in a range of sports.

Zane Dangor: Housebreakers stole nothing, though there were valuables

Zane Dangor: Housebreakers stole nothing, though there were valuables

Former Social Development DG Zane Dangor's house was broken into on Monday and he believes it was an intimidation tactic.

Kathrada Foundation: Create a safe space for South Africans to talk about race

Kathrada Foundation: Create a safe space for South Africans to talk about race

Public dialogue and activities were organised to fight racism but race talks need to continue after campaign ends says Foundation.

He was a loving family man - Joe Mafela’s niece

He was a loving family man - Joe Mafela’s niece

Legendary actor, Joe Mafela popularly known as Sdumo passed away on Saturday following a car accident.

Popular articles
The rand is on a rampage

The rand is on a rampage

The rand is going from strength to strength. The Money Show’s Bruce Whitfield interviews Treasury One’s Andre Cilliers.

[CARTOON] Poephol With a Taste For Strife

[CARTOON] Poephol With a Taste For Strife

EWN's Dr Jack & Curtis take a look at the Spur confrontation that has taken the country by a storm.

No escaping the tax man even if you work outside SA

No escaping the tax man even if you work outside SA

Government is intending to change the way foreign income is taxed by introducing taxes to a large South African diaspora.

Opinion: Social housing in Sea Point won't collapse your world! - John Maytham

Opinion: Social housing in Sea Point won't collapse your world! - John Maytham

Social housing in Sea Point will house the very people who you are happy to have look after your kids & serve you in restaurants.

Sale of Tafelberg gets green-light from Cape Town City

Sale of Tafelberg gets green-light from Cape Town City

Despite months of protests and lobbying, affordable housing and redevelopment finally lose the battle for Tafelberg site.

Opinion: Laying equal blame on parents in Spur spat is wrong says Eusebius

Opinion: Laying equal blame on parents in Spur spat is wrong says Eusebius

He believes it's a moral cop-out to say the only thing going on in the video is two adults behaving badly in front of the kids.

Is Uber dying? Stuff’s editor explains…

Is Uber dying? Stuff’s editor explains…

High ranking employees are resigning en masse as crisis upon crisis pummel lossmaking Uber.

Spur tightens its belt as 'two for the price of one' Monday burger special ends

Spur tightens its belt as 'two for the price of one' Monday burger special ends

The CEO of Spur says food inflation has played a big role in making this difficult decision.