
gold mining in south africa. gold mining in south africa. over 50 of all gold reserves are found in south africa, with the witwatersrand basin remaining the largest gold resource in the world. in 1975, south africa was responsible for producing 40 of the gold ever mined. by 2010, however, china affirmed its status as the worlds largest gold producer with production,south africa krugerrand information liberty coin,south africa krugerrand. a favorite among seasoned bullion buyers. as demand for gold bullion soared in the mid 1960s there were few options available to the individual investor. the south african government perceived an opportunity to serve this market and introduced the krugerrand in 1967.