SA’S IS CRISIS | How R6bn got from spaza shops to African terrorists

Payment systems were meant to facilitate remittances from SA, but sudden large transactions started raising flags

08 May 2022 – 17:45 By Graeme Hosken, Aron Hyman and Tankiso Makhetha

Islamic State (IS) and linked extremists are believed to be hijacking SA’s smaller financial services to fund terror attacks across Africa by moving billions of rand through spaza shops and retail outlets in the informal sector…