🇿🇦 South Africa
10h ago
Duarte da Silva: Ghana bought Africa’s shadow gold. SA wants to jail the man who digs it.
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More than 400 tonnes of African gold leave the continent undeclared each year, most of it bound for Dubai. Ghana tried buying it back. It worked, until the central bank lost $1.7bn and sold half its gold reserve. South Africa prefers the fence: a draft law threatening illegal miners with 30 years in jail. Dr Duarte da Silva says it’s aimed at the wrong man. The trafficked digger is easily replaced. The syndicates, dealers and exporters who own the gold are left alone. Meanwhile Harmony spent R74
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