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Diamonds, Gold and Coal, 1910–33

In: The South African Economy, 1910–90

Author

Listed:
  • Stuart Jones

    (University of the Witwatersrand)

  • André Müller

    (University of Port Elizabeth)

Abstract

At the time of Union in 1910, mining had already been firmly established as the leading sector of the economy. It generated 27 per cent of GDP, far in excess of the 17 per cent of agriculture, forestry and fishing, and the 7 per cent of manufacturing (figures are for the year ending in June 1912). Within the mining sector, gold was responsible for 75 per cent of the value of total production. This pre-eminence of gold continued during the first third of the twentieth century. It has been calculated that of the total value of minerals produced in South Africa up to the end of 1936, gold accounted for 75.6 per cent, diamonds for 16.3 per cent and coal for 5.4 per cent, with the remaining 2.7 per cent coming from copper, tin, silver, asbestos and other minerals.1

Suggested Citation

  • Stuart Jones & André Müller, 1992. "Diamonds, Gold and Coal, 1910–33," Palgrave Macmillan Books, in: The South African Economy, 1910–90, chapter 4, pages 45-62, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22031-1_4
    DOI: 10.1007/978-1-349-22031-1_4
    as

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