Hon Speaker, the amounts that are involved in all of this are actually quite startling. They are huge amounts. The good thing is that they are now on the radar screen. In some cases they mention up R1 trillion that could have left the country in the past decade alone through the activities of large corporations and wealthy individuals, as well as criminal syndicates.
A Washington DC research and advocacy group, which is called Global Financial Integrity, believes that South Africa suffered illicit financial flows totalling more than US$122 billion - and that was between 2003 and 2012. Although they say not all of this money would have found its way into the state's coffers, some of it should have benefited the fiscus. That is what they say.
So there is quite a lot of money that should have found its way into the fiscus. This is precisely why I am saying that the Minister of Finance and indeed, the SARB, Sars and the Financial Intelligence Centre have this on their radar screen. Already the Davis Tax Commission has latched onto this matter and it is going to be addressed.
There will be legislative instruments or proposals that will come forward to combat this. This is money that should not be leaving the shores of our country. Now the important thing is that, on a global basis, this has now become an area of focus, and in our country as well, various institutions are beginning to focus on this and look at it.