On 17 January, the Daily Maverick carried a report saying that South Africa has surfaced as a key transit point for bullion smugglers wanting to channel the precious metal to and from one of the world’s most prolific players in the gold industry – Dubai; and an investigation sparked at the start of this year may also reveal whether a smuggling syndicate possibly operating from Madagascar has been using the country as a conduit. It is said that most of Zimbabwe’s gold is still thought to go through South Africa, and its local scrap metal-to-refinery route leading to Dubai is undoubtedly the preferred route for most syndicates. Dubai’s location and industry verticals, which include financing and logistics, have positioned it to be a far more convenient trading centre, positioned between Africa’s extensive resources and heavy consumer nations such as India.
If you would like to make a (polite) gesture and make a (very) modest contribution to my ongoing with my relocation, removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y
raytodd.blog 