SARS PUSHES FOR PRESIDENT-LED CRACKDOWN AS ILLICIT ECONOMY SWELLS TO R1.2 TRILLION

South Africa’s illicit economy has expanded rapidly, now valued at around R1.2 trillion, making up 12–15% of GDP, compared to about 5% two decades ago.

ActionSA MP Alan Beesley described illicit trade as a “cancer” on the economy, warning the crisis is escalating from “stage one to stage two.”

Beesley argued SARS is underfunded and unable to fully confront organized criminal networks. He called for urgent discussions between the Finance Minister, National Treasury, and SARS to address funding constraints.

Commissioner Edward Kieswetter acknowledged the need for a coordinated national effort and agreed that tackling the illicit economy requires stronger systemic action.

Strengthening SARS could be achieved without worsening fiscal pressures, according to Beesley.

This article is adapted from MSN News reporting, with full credit to the original writers. Jozi Captions provides summaries and contextual analysis for our readers.