It has been a year since the Financial Action Task Force (FATF) grey-listed South Africa. At the time, many predictions were made about the impact that greylisting would have on the country. Moonstone speaks to Sangeeth Sewnath, deputy managing director of Ninety One, about the extent to which greylisting is affecting the economy, the capital markets, and retail investors. Have we seen the worst of the fall-out, or is there more pain to come? Most importantly, is the country making progress with achieving the FATF’s action plan to get off the grey list in 2025? Sewnath was one of the high-profile people featured in “Greylisting”, the documentary Moonstone released last year that explains why South Africa was grey-listed.