The gold industry in South Africa loses an estimated $996 Million (6.7 Billion South African Rand) a year to illicit gold smuggling, according to the country’s Intelligence Minister.
Source: AFP, “Illegal economy costs S.Africa $26 bn, claims minister,” Google News, June 3, 2011.
{ 1 comment… read it below or add one }
What is the court sentence for smuggling gold out of South Africa?