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Saturday, March 21, 2015

Hostel an illicit gold haven

Magomosha operate from an open space in the centre of the hostel. The residents have become used to it. Some have even rented out their rooms to be used as processing plants and weighing rooms.
Magomosha regularly watch business news bulletins to monitor international gold prices.
Their business has also opened other sub-economies like prostitution and mercury dealing.
The mercury is used to release gold particles from the soil, and 250ml could cost R15000.
Hospital laboratory employees with access to the jelly-like chemical have created a niche market by selling it to magomosha.
http://www.sowetanlive.co.za/news/2015/03/21/hostel-an-illicit-gold-haven

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