Mining production contracted 1.5% year-on-year in April, extending the sector’s fall to a sixth consecutive month.

Gold production in April fell by almost 19.7% year-on-year, data from Stats SA showed on Thursday, while mining production fell 2.3% in April compared with March. The latter figure is almost five times the 0.5% contraction expected in the Bloomberg consensus.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now