Shrinking mining output will weigh on second-quarter GDP
But it is probably not enough to drag the economy into a technical recession, says Oxford Economics economist
13 August 2024 - 12:28
UPDATED 13 August 2024 - 22:57
Mining production decreased by a seasonally adjusted 0.9% in the second quarter of 2024, compared with the first quarter.
The largest negative contributors were iron ore and coal, which saw output decreasing by 12% and 2.6%, respectively, Stats SA said on Tuesday...
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.