The Chamber of Mines of South Africa (CoM) on Monday noted with concern the report published by the United Nations Conference on Trade and Development (Unctad) in which it was asserted that South Africa’s commodity exports were being underinvoiced.
Prominent international news media have carried reports quoting Unctad as finding that, between 2000 and 2014, underinvoicing of gold exports from South Africa amounted to $78.2-billion, or 67% of total gold exports.
