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Crime Costs South Africa 10% of GDP Annually, Says World Bank Report

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Economy News

South Africa,Crime,Economy

The World Bank's fourteenth edition of the South Africa Economic Update reveals that crime has a high and broad-based impact on the country's economy. The report estimates that crime costs South Africa around 10% of GDP annually, including stolen property, protection costs, and missed economic opportunities. World Bank senior economist, Ms Bénédicte Baduel, discusses the significant impact of crime on the economy and identifies the sectors most affected.

There is a new report by the World Bank that highlights the high and broad-based impact of crime on South Africa's economy. The report estimates that crime costs the country around 10% of GDP annually, including stolen property, protection costs, and missed economic opportunities.

The World Bank senior economist, Ms Bénédicte Baduel, discusses how crime significantly affects the economy and identifies the sectors most affected.

 

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