Mining output crashes nearly 15% in April
SA’s mining industry had its worst month in almost two years in April, suffering a 14.9% year-on-year contraction that is almost three times worse than expected.
Mining production fell 4.3% month on month in April, from 3.2% growth in March, Stats SA said on Thursday. Output in the sector is 7% lower now than it was at the beginning of 2022...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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