SA’s economic troubles | Deadline looming on greylisting

JOHANNESBURG - The clock is ticking for South Africa to prove that it should not be greylisted.

A delegation headed by National Treasury will meet this week in Morocco to discuss what's been done to avoid the listing listed.

WATCH | Government dealing with 'grey list' threat - Lamola

South Africa will have to convince the inter-governmental Financial Action Task Force that its strengthened laws against money laundering and terrorist financing.

Should the country be greylisted, it will increase local companies' cost of doing business with international partners.

It will also further dent the country’s reputation.

WATCH | SA facing greylist risk

South Africa has already been given a lifeline.

A decision on the greylisting was meant to be made in October last year but it's been extended to February.

* eNCA’s Heidi Giokos reports.