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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

minister of trade

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South Africa

SA’s Illicit Economy Costs R100 Billion Annuall

In South Africa, Minister of Trade, Industry and Competition, Parks Tau, says the illicit economy is costing South Africa 100-billion-rand annually, undermining industrialisation and job creation. Tau highlights importers' practices like under-declaring goods' value and misusing rebates, affecting local manufacturers. He says an Inter-Agency Working Group has been formed, focusing on scrap metal, gold, clothing, textiles, footwear, and leather to combat this:  

todayAugust 1, 2024 16

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