WATCH: How mining output recovered from a record low
RMB’s Henk de Hoop talks to Business Day TV mining production data
SA’s mining output recovered in May from a record low, with production ticking up month on month.
On a month-on-month, seasonally adjusted basis, mining production rose 44% in May from the previous month’s decline of a revised 36.8%.
The improvement is due to the government’s decision to ease Covid-19 lockdown restrictions to level 4 during the period, which allowed more producers to come back online. On an annual base, however, output slumped 29.8%.
Business Day TV discussed the data with Henk de Hoop from RMB.
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