It’s hard to assess effect of lockdown on mines, says economist
Minerals Council SA is working on data to put reliable numbers into the market and warns against simplistic conclusions
29 March 2020 - 17:22
The orders from SA’s government to lock down an entire country and freeze the movement of its people is unprecedented, but the nuances in the instructions make it impossible to judge the economic affect on a sector like mining.
An easy yet dangerous calculation is to take the annual value of mining output, divide it by the days of the year and multiply the answer by the 21 days the government is locking down SA to curtail the spread of the Covid-19 viral pandemic...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.