Best answer: What valuable resource was discovered in South Africa?

Background: The Mineral Revolution in South Africa started with the discovery of diamonds in Kimberley in 1867, and intensified with the discovery of deep-level gold on the Witwatersrand in 1886. By the time that gold was discovered, African kingdoms had lost their independence.

What is the most valuable resource in South Africa?

Africa’s two most profitable mineral resources are gold and diamonds. In 2008, Africa produced about 483 tons of gold, or 22 percent of the world’s total production. South Africa accounts for almost half of Africa’s gold production.

What two valuable resources were mined in South Africa?

Diamonds are a valued source of employment, foreign negotiability, tax revenue, and new investments. Although South Africa’s natural resources are widely known to be gold and diamonds, the country is also blessed with large exportable quantities of sugar and timber.

What product brings the most money to South Africa?

Searchable List of South Africa’s Most Valuable Export Products

RANK SOUTH AFRICAN EXPORT PRODUCT 2019 VALUE (US$)
1 Platinum (unwrought) $8,245,494,000
2 Cars $6,681,545,000
3 Iron ores, concentrates $5,743,361,000
4 Coal, solid fuels made from coal $4,838,972,000

Why is platinum valuable to South Africa?

Platinum seen contributing as much to South Africa’s economy as gold did in the 20th century. … Unlocking sales of $35-billion a year by 2050 would mean that the platinum mining sector could add as much value to investment, exports and gross domestic product as the gold mining sector did in the twentieth century.

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What products are made in South Africa?

South Africa is synonymous for its mineral riches such gold, diamond, platinum, manganese-ore and coal, while the fruits of its farming industry are savoured over the world. This includes wine, fruit, medicinal plants, wool, livestock, game and cut flowers.

Which African country is richest in mineral resources?

The Democratic Republic of Congo (DRC)

Every mobile phone contains coltan, and the DRC is the world’s largest producer. It is one of the giants producer of diamonds and copper in Africa, with respectively 34 and 13% of the total production of the continent. Finally, its mineral deposits are estimated at $ 24 trillion.

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