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

<p>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</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>