# The Transnational Alliance to Combat Illicit Trade says illicit trade continues to pose a serious threat to South Africa’s economic stability, governance and international standing. According to its latest report, the country loses about 30-billion-rand in revenue every year due to the illicit trade in cigarettes and liquor. South Africa was placed at 60 out of 158 countries surveyed for the report. Tracit says South Africa’s continued placement on the Financial Action Task Force grey list, underscores persistent shortcomings in anti-money laundering and counter-terrorism financing frameworks.
Report shows SA loses about R30-billion in revenue every year due to illicit trade