Mining output shrinks by more than expected as power cuts bite
February data offers further evidence of an economy under severe strain, even as iron ore production rises
13 April 2023 - 14:18
SA’s mining output contracted by a bigger-than-expected 5% year on year in February, offering another indication that the country’s production sectors are reeling from persistent power cuts.
Coal and diamonds were hit hardest, falling 12.6% and 45%, respectively, Stats SA said in a statement on Thursday. However, iron ore output rose 30.6% compared with the matching period a year ago...
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