Illicit gold mining sees SA losing billions

701 views · Published 31 December 2018 · 10:33 · Indexed 21 September 2026

Channel: SABC News · 2018 · News & Politics

Watch on YouTube

According to reports, gold mines in South Africa are being looting on an industrial scale. A research report stated that the country loses an estimate of approximately R14.4 billion a year due to illicit gold mining. It is also said that tons of gold has been illegally shipped out of the country particularly between 2012 and 2016.
Joining us this morning from our studio in Sea Point is Peter Major, a mining analyst from Cadiz Business Solutions. 


For more news, visit: sabcnews.com

More from this channel