On top of another month of decline in the manufacturing sector, South Africa’s mining sector has also delivered its sixth consecutive month of recession, painting a bleak picture for the country’s economy.
Mining data published by Stats SA this week showed a significant decline in production, down 7.8% year-on-year in April.
According to economists, this was a shocking result, coming in far lower than the consensus expectations of around a 4% decline.
The biggest drag came from a 24% drop in the production of Platinum Group…
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Abyss Tamer
Vatican City: You have two cows. They were both taken advantage of as calves.
Tootsie Killer
Why’d the blonde math major only apply to colleges in South Africa? She wanted to attend a party school where she couldn’t fail at integrating.