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TRACIT calls for improved measures to combat illicit trade in South Africa Johannesburg, 30 May 2023 – A new study by the Transnational Alliance to Combat Illicit Trade (TRACIT) shows that illicit trade is one of the biggest threats to stability and economic growth in South Africa. While the country has taken steps under President Ramaphosa to root out illegal trade and associated activities like corruption and money laundering, the scope and depth of the illicit economy poses a significant threat to the health and wellbeing of South African citizens and a persistent drain on the overall economy. It is critical that the South African Government prioritizes efforts to combat illicit trade and the underlying conditions that facilitate it,” said TRACIT Director of Programs Esteban Giudici. “Left unaddressed, illicit trade and its associated criminal activities will continue to rob the government of essential tax revenue and deter investments in the country.”

South africaSouth africanJeffrey hardyEsteban giudiciTransnational alliance to combat illicit tradeSouth africa johannesburgTransnational allianceCombat illicit tradePresident ramaphosaSouth african governmentPrograms estebanBusiness unity south africaGeneral jeffreyOrganized crimeIllicit tradeInteragency anti illicit trade coordinator