Markets
Here is how much Gold South Africa has 
By Litha Theo
May 21st, 2024 As of 2024, South Africa holds approximately 125 metric tons of gold reserves, making it one of the leading countries in Africa for gold holdings. This places South Africa second on the continent, just behind Algeria, which has 174 metric tons of gold reserves 
South Africa is renowned for its substantial gold deposits, primarily located in the Witwatersrand Basin, which is one of the largest gold-producing regions in the world. The Witwatersrand Basin alone has produced about 40,000 tonnes of gold to date, making it a significant contributor to the global gold supply.
The country holds approximately 6,000 tonnes of identified gold reserves, which accounts for around 10% of the world's known gold reserves. The Witwatersrand Basin is a mixed type of primary and secondary gold deposit, meaning it contains both newly formed gold embedded in quartz veins (primary) and weathered gold dust and nuggets accumulated in sediments (secondary).
Despite a significant decline in gold production from its peak, South Africa remains a major player in the gold mining industry, producing around 100 tonnes of gold in 2023. The depth and complexity of its gold mines, some of which extend up to 4,000 meters below the surface, present both challenges and opportunities for the future of gold mining in the region.
Facebook
WhatsApp
