Can Africa Profit From Soaring Gold?
Next AfricaPlay episode
Show notes
With global tensions high amid a growing trade war, investors have been continuing to push gold to record high prices, pushing towards the $3,000 mark. With Africa producing a quarter of the world’s supply, will the demand for the precious metal see some of that wealth reach the continent?
In this episode, Jennifer Zabasajja speaks to Barrick Gold CEO Mark Bristow at the South Africa Mining Indaba, and he explains why he thinks the only way is up for gold - and what that means for investment in Africa. Plus, Bloomberg’s Ray Ndlovu joins from Bulawayo to explain why Zimbabwe’s gold backed currency just isn’t keeping pace with the rising price.
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