The safe haven status of gold appears to have returned for the time being. “The world is increasingly an unstable place. Project one world, or globalisation, seems to have failed,” Pan African CEO Cobus Loots said on Wednesday when the London Aim- and JSE-listed gold mining company reported group after-tax profit of $38-million in the 12 months to June 30, a sharp turnaround from last year’s after-tax loss of $122.8-million.
