Estimates of the size of the illicit trade in cigarettes, alcohol and illegally imported clothing runs into billions of rand of lost government revenue in excise duties and taxes, while hundreds of thousands of local jobs are also lost, according to research by Business Leadership South Africa BLSA .
The Eyes and Ears Initiative (E2) is an official joint crime-fighting initiative between the South African Police Service (SAPS), Business Against Crime South Africa (BACSA) and the Private Security Industry (PSI) whereby the PSI formally cooperates with the SAPS by relaying information directly to the Provincial Operational Command Centre (POCC) and in some instances, receiving…
Illicit trade is one of the biggest contributors to the strain that South Africa’s fiscus is currently experiencing, as the country is losing about R250-million a day in tax revenue as a direct result of illicit trade. Illicit trade is defined as the production, import, export, purchase, sale or possession of goods failing to comply…
Illicit trade is one of the biggest contributors to the strain that South Africa’s fiscus is currently experiencing, as the country is losing about R250-million a day in tax revenue as a direct result of illicit trade.