Activity in mining and factory production is starting to slow
FNB economists say the prolonged strike at Sibanye-Stillwater’s SA gold mining operations has depressed gold output
The slowdown in global economic activity and demand combined with load-shedding in the domestic economy has weighed on mining and manufacturing production in the country.
Stats SA reported on Thursday that mining production decreased 9.3% in March 2022 compared with March 2021. This is the steepest decline in mining activity since June 2020...