Why SA lost its African gold crown to Ghana
South Africa used be the world’s king of gold accounting for half of all the gold in the world. Just twenty years ago- it was producing over 1000 tons of gold per year and now produces only one tenth of that. How is it with South Africa having the second highest reserves next Australia, is now lagging behind Ghana in Africa? CNBC Africa spoke to Rene Hochreiter, Mining Analyst at Noah Capital Markets.
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