Central banks are dumping the dollar for gold, and SA has left its 48,000 tons untouched

Central banks are dumping the dollar for gold, and SA has left its 48,000 tons untouched

Author: BizNews September 9, 2026 Duration: 28:36
South Africa has already mined a quarter of all the gold ever pulled out of the ground, and it still has 48,000 tons sitting under the Witwatersrand. So why has annual output collapsed from 1,000 tons to 88? Dr Duarte da Silva, once South Africa's go-to tech guru and now a gold analyst, tells Alec Hogg why central banks are dumping dollars for gold, why he thinks the Witwatersrand's "death" has been declared four times and been wrong every time, and why he calls the way mining majors offload worked-out shafts onto smaller players "nothing short of criminal." He also doesn't hold back on Stilfontein, on JP Morgan's call for 20% gold portfolios, and on why, despite everything, he's not touching crypto.

Tune into BizNews Radio for direct conversations with the people shaping markets and ideas. Hosted by BizNews, each episode sits down with a distinct voice-be it a pioneering entrepreneur from Johannesburg, a policy analyst in London, or an investor in New York-to unpack the stories behind the headlines. You’ll hear unfiltered perspectives on economic shifts, technological disruptions, and the strategic decisions driving companies forward. This isn’t about rehearsed soundbites; it’s a chance to listen as seasoned thought leaders and accomplished business people discuss their successes, their failures, and what they see coming next. The discussions are grounded, detailed, and always aimed at providing context that goes beyond the daily news cycle. For anyone curious about the forces influencing commerce and society, this podcast offers a valuable front-row seat to genuine insight. Find BizNews Radio wherever you get your podcasts.
Author: Language: English Episodes: 50

BizNews Radio
Podcast Episodes
Solly Moeng: DA in danger of becoming the ANC [not-audio_url] [/not-audio_url]

Duration: 17:34
In his latest weekly chat with Chris Steyn, Political Commentator, Solly Moeng urges action from the Democratic Alliance (DA) over reports that the party is considering promoting Cape Town councillor - and fake doctor -…
Sam Montsi: Keep “crazy” people out of power! [not-audio_url] [/not-audio_url]

Duration: 17:49
In this interview with Chris Steyn, business icon and author Sam Montsi, gives his take on revelations at the Madlanga Commission of Inquiry, as well as the worldwide impact of US President Donald Trump’s actions. On pol…