2021 Swissaid report identifies South Africa as a major hub for $35bn/year illicit African gold exports, including Zimbabwe in top 5 smugglers to the UAE.
Swissaid report reveals South Africa as a major transit hub for illegal gold exports from Africa, with $35 billion (R657 billion) worth of gold smuggled out each year. The report, titled "On the Trail of African Gold: Quantifying Production and Trade to Combat Illicit Flows," also shows that Zimbabwe ranks among the top five African countries involved in gold smuggling to the United Arab Emirates.
June 03, 2024
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