GDP data reveals mining investment ‘horror show’, says Minerals Council
SA’s mining capex declined by 9.6% year on year in 2024 in real, inflation-adjusted terms
05 March 2025 - 10:53
UPDATED 05 March 2025 - 14:32
Stats SA’s latest GDP data (https://www.businesslive.co.za/bd/economy/2025-03-04-economy-rebounds-after-third-quarter-contraction/) for the final quarter of last year shows that capital expenditure in SA mining declined by 9.6% year on year in 2024, with the Minerals Council SA calling last year’s fixed investment data a “horror show”.
The decline last year comes after SA’s mining capex hardly grew in 2023 — the real, inflation-adjusted data showed an increase of only 0.1% year on year...
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