Illegal economy costs South Africa R1-trillion

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Sars has its sight set on big tax defaulters.

The illegal economy is costing South Africa nearly R1-trillion. That's 20% of GDP. Sars is now researching the impact, extent and reach of this shadow economy. CourtesyPRETORIA - The illegal economy is costing South Africa nearly R1-trillion, which is 20-percent of GDP.

The South African Revenue Service has now launched a year-long research project to quantify the size of illicit trade and identify the main culprits.

 

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