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Counterfeit goods amount to 10% of SA economy - Vimarsana News

Counterfeit goods amount to 10% of SA economy

‘People cannot afford to buy legal stuff and are inevitably turning to the black market to find cheaper alternatives. The problem is they may find cheaper alternatives, but they may also get dangerous products for their own health,’ says Stefano Betti, vice president of the Transnational Alliance to Combat Illicit Trade.

South Africa's illicit trade problem is out of control – but there's still time to turn this Titanic around - Vimarsana News

South Africa's illicit trade problem is out of control – but there's still time to turn this Titanic around

Pakistan’s underlying economic context incentivises illicit trade. It’s not much different in South Africa.

Illicit trade 'out of control' in South Africa - Vimarsana News

Illicit trade 'out of control' in South Africa

Global organisations working to combat illicit trade say the scourge is out of control in South Africa, and unless the country makes an extra effort it will remain on Financial Action Task Force’s (FATF) greylist.

New tobacco laws may worsen illicit trade, global conference hears - Vimarsana News

New tobacco laws may worsen illicit trade, global conference hears

An increasing number of South African smokers choose to buy cheaper illegal cigarettes as their purchasing power is on the decline due to ever-rising tax levies on legitimate products, contributing to high prices, according to Brig-Gen Juan Carlos Buitrago of the national police of Colombia.

Counterfeiting is a carousel ride and SA is in too deep, says expert - Vimarsana News

Counterfeiting is a carousel ride and SA is in too deep, says expert

Provisions in the tobacco control bill are likely to increase illicit trade