South Africa escaped greylist, but consumers still carried heavy debt burdens

South Africa’s removal from the Financial Action Task Force greylist in October 2025 was widely welcomed as a key milestone for the country’s financial system and international reputation. However, for households already drowning in debt, the path to financial recovery remained uncertain. The FATF confirmed that South Africa had addressed all 22 action items required […]

Greylist Removal Won’t Lower Living Costs Overnight, Says Neil Roets

According to Neil Roets, CEO of Debt Rescue, the greylist period has significantly increased the cost of living of borrowing costs for consumers and this will take time before the benefits of the latest developments reach households. Although the country’s improved standing may boost investor confidence and strengthen the financial sector over the long term, […]