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gold mining in south africa is in danger dailyforex. the south african mining industry is steadily declining. in 1980, mining made up about 20% of the country''s gdp. now it accounts for less than 10% due to high costs and low commodity prices to name a few reasons. 70,000 mining jobs have been cut in the last half a decade and more are expected to come. many of the zama zamas are former miners
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Mining in South Africa was once the main driving force behind the history and development of Africa''s most advanced and richest economy. Largescale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later.
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