Durban - THE damage that South Africa’s black market has had on the economy comes into the spotlight on Wednesday.
In SA, however, the bans on the sale of alcohol and tobacco products also gave the illicit trade an opportune environment in which to thrive, much to the detriment of livelihoods, lawfulness and tax revenue collection. “The black market covering everything from cigarettes to alcohol to textiles is becoming a real nightmare, and Lockdown highlighted how criminals are making money. Sars puts the cost of SA's illicit economy at R100 billion a year. That's over R250 million a day.
DailyNewsSA what is this shit called 'black market', it is a niche market. just because main stream business cannot reach it, it is labelled black. South africa will not increase the SMME unless they kill this term 'black market' why is it called black market anyway.... 🤬🤬🤬
DailyNewsSA Thank the ANC for that
DailyNewsSA What's news in South Africa
DailyNewsSA How many ANC ministers or family members of ministers own cigarette companies or supplied alcohol?
DailyNewsSA The cause of the booming black market? The inept and corrupt MYANC regime. Time to DrainTheSwamp ANCmustFall LockTHEMup
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