NGO flags SA’s ‘opaque’ gold trade data
Official statistics are not representative of the actual quantities of gold that enter or leave the country, says Swissaid
04 July 2025 - 05:00
UPDATED 15 July 2025 - 20:51
For the past 30 years, SA has followed an outdated approach to measuring its gold imports and exports, making it nearly impossible to quantify illicit gold flows and smuggling, said NGO Swissaid.
A report by the NGO paints a damning picture of the country’s “opaque” gold trade statistics, warning foreign investors and potential importers to approach even legally exported gold with caution. ..
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