The South African Financial Sector Competitiveness Taskforce, known as Operation Phumelela, welcomes the announcement by the Financial Action Task Force (FATF) that South Africa has substantially completed all 22 action items required of it when it was grey listed by the global anti-money laundering and terrorist financing body in February 2023.
The inaugural Operation Phumelela lekgotla, held on 2 June 2025 at the JSE, brought together senior leaders from industry and government, including regulators, to develop proposals aimed at strengthening the competitiveness of South Africa’s financial sector.
The inaugural Operation Phumelela lekgotla, held on 2 June 2025 at the JSE, brought together senior leaders from industry and government, including regulators, to develop proposals aimed at strengthening the competitiveness of South Africa’s financial sector.
Krutham executive chairperson Dr Stuart Theobald, joins Michael Avery on Classic Business to discuss the Operation Phumelela Lekgotla.
Senior leaders across South Africa’s financial sector are due to gather with policy makers, regulators and academics at the inaugural Operation Phumelela Lekgotla, taking place on Monday, 2 June 2025, at the JSE in Sandton.
A group of senior leaders in the South African financial services industry has formed The South African Financial Sector Competitiveness Taskforce, known as Operation Phumelela, to improve the capital markets’ ability to grow the economy, create jobs and increase services exports.
