Spotlighting SA's invisible illicit industries

Spotlighting SA's invisible illicit industries

Organised theft of gold, platinum, copper and diamonds has taken on alarming proportions within the mining industry.

Did you hear the howling protests from various heavyweight South Africans uniting against a report on mis-invoicing, released in mid-July by the UN Conference on Trade and Development (Unctad)?

SARS, the Chamber of Mines, and Statistician-General Pali Lehohla, completely rejected Unctad’s finding that mis-invoicing of gold exports to South Africa’s leading trading partners totalled US$113 billion over the 15-year period to 2014.

Unctad was saying, in other words, that the vast majority of South Africa’s gold exports are unofficial. The Unctad report put the massive “gap” down to smuggling: most gold that leaves the country does so on an unreported basis. The real question, and it is an intriguing one, is whether Unctad could have been right (in principle), but for the wrong reasons.

Like to see more ?

Subscribe to our on-line edition !

For a mere R305.00 per year you get the convenience of our online version including:
  • Twelve monthly issues of Noseweek delivered to your browser
  • A searchable archive
  • Access to every back issue since 1993 !
  • A downloadable PDF version

If it’s just the article you are after, you can purchase it by clicking here.

Tempted ?

For a taste of what awaits you, you are welcome to browse this free issue.

Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -


While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.

Important information regarding cookies
By using this website, you consent to the use of cookies in accordance with our Privacy Policy.