Shock fall in mining output bad news for fiscus
Sharp falls in commodity prices are starting to weigh on sector profitability, while exports continue to suffer from rail constraints
13 July 2023 - 13:50
UPDATED 13 July 2023 - 17:35
SA mining output shocked in May, shrinking on an annual basis and defying market expectations of an increase.
It indicates that not only are the country’s production sectors reeling from persistent power cuts, but sharp falls in commodity prices are starting to weigh on the sector’s profitability and may deliver a hit to the fiscus...
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