South Africa, Dec. 3 -- Coordinated by the Consumer Goods Council of South Africa (CGCSA), the Illicit Economy Task Forces will:

Zinhle Tyikwe, CGCSA CEO, says illicit trade and the counterfeiting of goods is a mounting crisis in South Africa, costing the national fiscus billions in lost tax revenue, undermining the viability of legitimate businesses, and posing a growing threat to national security.

"There is no doubt that illicit trade is one of the most significant threats facing South Africa and is also a threat to economic stability, investment, job creation and governance. This challenge now requires decisive, collective, and multi-faceted action to restore integrity to the Fast-Moving Consumer Goods (FMCG) sector and safeguard So...