South Africa Just Got Off the Grey List. That Is When Enforcement Gets Worse.

Capitec was fined R56 million. Standard Bank R13 million. Identity fraud is up 162% in a single year. And South Africa's next compliance review begins in late 2026. Every SME financing broker in the country is managing their FICA file over email and WhatsApp — and most of them are about to find out what that costs them.