Array ( [episodeID] => 415 [featureSeriesID] => 16 [featureSeasonID] => 1 [featureEpisodeID] => 4 [featureTitle] => CGCSA presents - Waal de Waal and Jarred West on South Africa's illicit economy [featureDescription] => South Africa’s illicit economy is increasingly operating like organised business, with sophisticated supply chains, financing, logistics, and distribution.\r\n\r\nWaal de Waal, Chief Operating Officer at Bidvest Proteacoin, and Jarred West, Partner at Spoor & Fisher, explain how organised economic crime has evolved far beyond isolated counterfeit goods and smuggling.\r\n\r\nThey discuss the networks behind counterfeit products, illicit fuel, cross-border crime, money laundering, and the movement of criminal proceeds. West also explains why counterfeit pharmaceuticals, vehicle parts, electronics, and other goods can create serious risks for ordinary South Africans who may not even realise they are buying fake products.\r\n\r\nThe conversation examines weaknesses in enforcement, intelligence gathering, border controls, and prosecution, as well as why fragmented responses allow criminal syndicates to keep adapting. De Waal and West argue that stronger collaboration between business, law enforcement, SARS, regulators, and specialist investigators is essential.\r\n\r\n0:00 Intro\r\n1:03 When illicit trade becomes organised crime\r\n3:01 Following the counterfeit supply chain\r\n4:46 Why counterfeit goods threaten consumers\r\n7:58 How criminal syndicates diversify\r\n10:51 Tracking illegal fuel networks\r\n13:07 Following the money\r\n19:46 What it will take to fight illicit trade\r\n\r\nFollow BusinessTech:\r\nX - https://twitter.com/businesstechSA\r\nFacebook - https://web.facebook.com/BusinessTechSA\r\nInstagram - https://www.instagram.com/businesstechsa\r\nWebsite - https://businesstech.co.za/news/\r\n\r\n#IllicitTrade #OrganisedCrime #SouthAfrica [featureEpisode] => https://player.vimeo.com/video/1243577302 [featureDuration] => 25:04 min [featureImageMobile] => img/guests/ET-016-0031-004.jpg [featurePublication] => 2026-11-05 07:04:06 [featureLogo] => img/logos/SL161.png )