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NEWS: South Africa’s financial stability at risk over Russia sanctions breaches fallout and FATF ‘greylisting’ – warning

WORRIES: South Africa's central bank has warned that systemic risk to the country's financial stability has remained elevated, notably due to the government's increasing debt levels and debt-servicing costs, as well as the impact of being put on a "grey list". Our file photo shows a bank teller look at South African rand note.

South Africa’s central bank has warned of risks to the country’s financial stability, due to capital outflows and the possibility of sanctions following a U.S. diplomat’s accusation of supplying weapons to Russia to aid its campaign in Ukraine. These risks, along with the threat of a grid failure due to repeated power cuts and persistent…

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