Remember Amalia Gold? The company briefly lit up the JSE in the late 1990s with a promise to mine gold from a prospect in Schweizer-Reneke in North West province before losing more than 90% of its value. It disappeared in a paper trail of fraud proceedings. How about Gazankulu Gold Holdings, or more recently Pamodzi Gold or Great Basin Gold?

They, along with a cartful of other long-forgotten names, populate a veritable necropolis of mining freebooters that the JSE seems to attract...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.