Tons of gold mined illegally was smuggled out of South- Africa during the state capture.
In the course of 2012 to 2015, more than 34 metric tons of gold went to Dubai in the United Arab Emirates, which did not reflect in the SA trade account.
The information was announced by the Global Initiative Against Transnational Organized Crime researchers.
According to the report, the illegal gold mining cost the country about R14 billion a year. It is to believe that the illegal trade via Swaziland and Mozambique is sent to jeweler manufacturers in Dubai.
Observers deem this is one of the major explanations why South Africa’s economy is struggling, and suspicions are that diamonds and other precious stones will soon follow the same route.
Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflect the opinion of SA news.