Gold

According to Statistics South Africa, South Africa’s annual gold production in 2012 was close to 220 tons, which is a level of gold production not seen since 1922.

South Africa’s gold output fell 11,3% in volume terms in January 2012, while mine output dropped 2,5%.

South Africa as recently as two decades ago was the world’s largest producer of gold by a huge margin. Only 40 years ago South Africa produced more than 1 000 tones of gold a year.

The almost 80% fall in South African gold production has led to it being overtaken by China, Australia and the United States of America. Russia is being seen as next to surpass it.

Mineral Resources

Mineral Resources

South Africa is known for its abundance of mineral resources. It is estimated to have the world's...

Economy

Economy

South Africa is the largest economy in Africa. While much of the world staggered in the wake of...

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