Sars to quantify size of illicit economy in coming months, says Tito Mboweni
SA loses about R1-trillion a year to smuggling, poaching, counterfeiting and illegal mining
14 October 2019 - 18:37
The SA Revenue Service (Sars) will finalise its research to quantify the size of the illicit economy within the next few months as it moves to tackle the scourge.
Conservative estimates suggest that SA loses R1-trillion a year or 20% of GDP to the illicit economy. This ranges from the underground economy, which operates outside of the rules and regulations of the country, to organised crime. ..
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