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    since 1922 (275 tons). China overtook South Africa as the world's major gold producer in 2007. Reports suggests an average annual growth in South Africa's mining sector of just 0.47 per cent over 2007-11. 12 The number of people employed in mining has fallen by 17 per cent since 1997, mainly due to rising production costs and automation.13 3.

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    South Africa was the world's top bullion producer for more than 100 years until 2007, and dropped to the sixth largest in 2015, according to the World Gold Council. The mine could produce between 250,000 and 300,000 ounces of the precious resource per year for more than 30 years, Bloomberg reports.

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    Economic activity in modern-day South Africa has been centred on mining activities, their ancillary services and supplies. The country's stock exchange in Johannesburg was established in 1887, a decade after the first diamonds were discovered on the banks of the Orange River, and almost simultaneously with the gold rush on the world-famous Witwatersrand.

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