South Africa’s removal from the Financial Action Task Force’s (FATF) “grey list” has been hailed as a defining moment for the country’s economy — and particularly for the property sector, which stands to benefit from renewed investor confidence and greater financial stability.

The Financial Intelligence Centre (FIC) described the delisting as the culmination of a “difficult but critical chapter” in strengthening the country’s financial integrity. “Lifting the mantle of the grey list does not mark the end of this endeavour but lays the foundation for the next phase as we draw lessons from this experience,” said Pieter Smit, acting director of the FIC.

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