BLSA has hailed the continuous efforts by the Eyes and Ears initiative (E2), in partnership with the Memeza crime-fighting project, in its fight against crime that is wreaking havoc in our communities.
The illicit trade webinar organised by BLSA heard that the revenue that SA loses every year to illicit traders, who don’t pay taxes and excise duties, would make a significant difference to the country’s economic wellbeing.
With the country’s economic stability hanging in the balance due to the unavoidable ripple effect of the Coronavirus global pandemic, Business Leadership South Africa and its division, Business Against Crime South Africa (BACSA) will put the spotlight on the escalated damage that Illicit trade is causing the economy at its upcoming Webinar on Wednesday, 3 February from 11h00 to 12h30.
Sadly, crime is a worrying, almost ever-present threat in South Africa.
The bans on cigarette and alcohol sales have dramatically boosted the fortunes of criminal syndicates and even seen gangs expanding their activities into these markets as their regular criminal activities have been disrupted by the lockdown. This was the view shared with attendants at the Illicit Trade webinar organised by Business Against Crime South Africa…
A virus like COVID-19 no doubt requires novel approaches to limiting its spread. Governments the world over have been caught unawares by this virus and its implications for its people and economies. While South Africa has seemingly done some good work in terms of immediate action to limit the spread of infection, the hard work…
Join Us! Unpacking the impact of illicit trade on the South African economy during Covid-19. RSVP: events@businessleardership.org.za
The prohibition of goods of any kind is fertile ground for illicit trade. The illicit trade of tobacco goods has long been a problem in South Africa and while it needs more attention from lawmakers, we need to question how much more profitable this illicit trading is becoming during the COVID-19 lockdown. How does banning…
The eyes and ears initiative (E2) which 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) has seen taking big strides in its aggressive approach to fighting crime in this country. The success of E2 has been witnessed through…
The fiscus loses millions each day because of illicit trade. Sars can’t tackle this problem alone: it is up to all citizens to play their part. Our fiscal constraints couldn’t have been more plainly laid out than in the budget speech by Finance Minister Tito Mboweni last month. With the budget deficit seen widening and…
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…