Maverick Citizen, said on Thursday that the cartel system described in a major report published by
Maverick Citizen last month could not exist if its tentacles did not extend beyond Zimbabwe’s borders, into South Africa, and beyond, to places like Dubai.
The 64-page report details the scale of the theft – among others, illicit cross-border financial transactions cost Zimbabwe up to $3-billion a year, and billions of dollars worth of gold and diamonds were smuggled out of the country. The report estimated that Zimbabwe might be losing up to half the value of its annual GDP of $21.4-billion because of corrupt economic activity.