Explain three ways in which gold mining has contributed to the economy of South Africa.

      

Explain three ways in which gold mining has contributed to the economy of South Africa.

  

Answers


kinyua
-Gold is highly priced, thus it earns foreign exchange, which is used to improve other sectors of the
economy.
-Gold provides raw materials for industries that make jewellery and other highly valued items thus
promoting industrial expansion.
-Gold as a medium of exchange in the world is used in South Africa as a means of paying
international debts.
-Gold mining industry has generated employment opportunities, which raises the standard of living
of the people.
-Gold mining has led to development of towns in the Rand and the Orange Free State creating a
large demand for agricultural products/provision of social amenities.
-Mining of god has led to the expansion of infrastructure such as transport and communication
which have led to cheaper/faster movement of goods/services.
-Gold mining has led to the development of industrial mining skills that are useful in other sectors
of the economy.
monica20 answered the question on October 16, 2017 at 08:12


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