South Africa - Report on the Observance of Standards and Codes -- Fatf Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (Electronic book text)

1. The global crisis has seriously affected South Africa. Output is falling as slumping external demand and falling commodity prices reverberate through the economy. At the same time, inflation is stubbornly high and the current account deficit remains sizable, keeping the economy vulnerable to sudden shifts in capital flows.