-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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