South Africa's Finance Minister Enoch Godongwana, in his recent Budget Speech, made it clear that tackling financial crime is now a top government priority. The budget allocates increased funding for forensic investigations, tighter regulatory oversight, and enhanced tax compliance monitoring. This signals a warning to businesses classified as accountable institutions under the Financial Intelligence Centre Act, or FICA- they should brace for greater scrutiny and stricter enforcement. Channel Africa business reporter Innocent Semosa has more

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