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SARS Media Statement On UNCTAD Report

by SA Revenue Service (SARS)
Published by : SARS (Pretoria) Physical details: 2p.
Subject(s): Smuggling
Year: 2016
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This media statement notes that the South Africa’s Trade Statistics are compiled according to the United Nations International Merchandise Trade Statistics (UN IMTS) guidelines which are based on the movement of goods in and out of the country’s economic territories. The report indicates that South Africa’s gold exports were $34.5 billion and gold imported by South Africa’s trading partners was $116.2 billion. Thus the difference in the export value of gold is $81.7 billion.

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