The article focuses on IFFs in South Africa. South Africa is among the top 10 countries in the world that suffer high illicit outflows. It loses $12.2-billion a year on average, according to data released by Global Financial Integrity. Illicit financial flows are at the forefront of the international agenda, Global Financial Integrity noted, and “one reason that illicit financial flows have garnered so much attention is due to the fact that they are a large and growing problem”. Asia dominates the list with five of its countries appearing in the top 10. The region remains the largest contributor to gross illicit outflows, comprising 40.3% of the developing world total.Vast disparity ,the cumulative outflow from sub-Saharan Africa over this period was an estimated $528.9-billion – a small part of the $6.6-trillion total, but, comparatively, it represents a larger chunk of the region’s average gross domestic product, at 5.5%, than the 3.7% of Asia’s gross domestic product
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