A long-term investment in South African commodities — especially gold — is expected to produce a sizable payoff, according to a CCTV Africa report.  Standard Bank Commodities Analyst, Walter De Wet, expects that prices will continue to rise as stocks mature and production heightens. More importantly, with the increased investment of China, commodities in Africa — and on a global scale — will edge toward stability.

“We think that China is underinvested in this metal. We do think the physical demand from west to eats will continue. Once the U.S. market is normalized and stabilized, we do think that gold will continue to grind higher,” De Wet said. “We think long-term price for gold is closer to $1,500 than $1,100.”