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Economic growth fears emerge as S Africa's GDP contracts 1.3% in Q2

By: Megan van Wyngaardt South Africa’s gross domestic product (GDP) contracted by 1.3% quarter-on-quarter in the quarter ended June 30. “The real economy has not performed that well, including construction, which has always been one of the main job creators,” Statistics South Africa statistician-general Pali Lehohla... 

Obtaining social licence a manageable challenge for emerging miner

By: Kimberley Smuts Obtaining a social licence to operate is one of the main challenges faced by emerging miner Wesizwe Platinum, which is sinking the main shaft of its Bakubung mine, on the western limb of the Bushveld Igneous Complex. Wesizwe corporate affairs and investor relations executive Hamlet Morule tells... 

S Africa’s February mining output up 7.5% y/y

By: Creamer Media Reporter South Africa’s mining production increased by 7.5% year-on-year in February. The main contributors to the increase were iron-ore, contributing 4.2 percentage points; platinum-group metals (PGMs), contributing 2.8 percentage points; and manganese ore, contributing 1.1 percentage points. Gold made... 

Mining production down 4.7% y/y in January

By: Megan van Wyngaardt Mining production decreased by 4.7% year-on-year in January, and by 5.4% month-on-month on a seasonally adjusted basis, Statistics South Africa (Stats SA) revealed on Thursday. This followed month-on-month changes of 0.2% in December and a decrease of 1.1% in November. 

Mining output dips in December

By: Natasha Odendaal South Africa’s mining output declined 2% year-on-year in December, as poor performance from the diamonds, iron-ore and platinum-group metals (PGMs) sectors weighed on overall production. The latest data from Statistics South Africa (Stats SA) showed negative growth rates of -27.9% and -15.6% for... 

PGMs drive 0.4% drop in Nov mining output

By: Natalie Greve Mining production decreased by 0.4% year-on-year in November, with the largest negative growth rates recorded for platinum-group metals (PGMs), at 14.3%, diamonds, at 14.2%, and gold and copper, both of which saw output contract 10.1%, Statistics South Africa (Stats SA) revealed on Tuesday. The... 

September mining production up 5.3%

By: Leandi Kolver South African mining production increased by 5.3% year-on-year in September, the latest data from Statistics South Africa (Stats SA) has shown. Stats SA on Thursday said the main contributors to the increase were iron-ore, which showed the highest positive production growth rate of 38.3% and... 

Unemployment at 25.4%, Stats SA to provide long-term unemployment data

By: Leandi Kolver Statistics South Africa (Stats SA) would, in future, focus more strongly on the trends of long-term unemployment in its quarterly labour force surveys (QLFSs), statistician-general Pali Lehohla said on Thursday. Releasing the QLFS for the three months ended September 30, Lehohla noted that... 

Q2 turnover of all industries in SA economy down 0.5%

By: Leandi Kolver During the three months ended June 30, the total turnover of all industries in the South African economy, excluding agriculture, financial intermediation, insurance and government institutions, declined by 0.5% quarter-on-quarter to R1.86-trillion, with the mining and manufacturing sectors having... 

S Africa June mining output down 5.7%

By: Leandi Kolver South Africa’s mining production declined by 5.7% year-on-year in June, Statistics South Africa (Stats SA) revealed on Thursday. Platinum-group metals (PGMs), with a negative growth rate of 37.2%, was the main contributor to the 5.7% decline, having subtracted 7.8 percentage points. 

Mining output contracts 24.7% in Q1

By: Natalie Greve Data released on Monday by Statistics South Africa (Stats SA) statistician-general Pali Lehohla has revealed that output from South Africa’s mining and quarrying industry had contracted by 24.7% in the first quarter of 2014, as the sector battled subdued commodity prices, low productivity and a... 

Mining sector performance ‘likely to be volatile’ in coming months

By: Leandi Kolver The performance of the mining sector is likely to be volatile in the months ahead, pressured by labour unrest, infrastructure constraints, a challenging policy environment and slower growth in China, banking group Nedbank said in a statement on the back of Statistics South Africa’s (Stats SA’s)... 

Households in informal dwellings remain at 14% 

By: Natasha Odendaal The number of households living in informal dwellings remained stubbornly high with nearly 14% of South Africa’s 15-million households living in such lodgings. The North West recorded the highest percentage at 22.1%, Statistics South Africa’s (Stats SA’s) latest General Household Survey (GHS)... 

Mining production up 0.2% y/y, 7.9% m/m despite ongoing platinum strike

By: Leandi Kolver South Africa’s mining production increased by 0.2% year-on-year and 7.9% month-on-month during April despite the ongoing strike on the Rustenburg platinum-belt that was currently in its twenty-first week, showed the latest data released by Statistics South Africa (Stats SA) on Thursday. The... 

Mining production down 4.7% as platinum strike continues

By: Leandi Kolver Mining production declined by 4.7% year-on-year in March with platinum-group metals (PGMs) production, which decreased by 44.3%, contributing significantly to the negative growth, Statistics South Africa (StatsSA) reported on Tuesday. These latest production figures were published as labour... 

Informal sector job losses weigh on Q1 employment

By: Natasha Odendaal An extensive loss of jobs in the informal sector led to a 0.6% expansion in unemployment to 25.2% during the first quarter of 2014, as the number of unemployed increased 4.9% quarter-on-quarter, the latest Statistics South Africa (Stats SA) Quarterly Labour Force Survey showed. During the quarter... 

Labour unrest continues to drag mining output

By: Natasha Odendaal Labour unrest in the platinum sector continued to weigh down South Africa’s mining output as Statistics South Africa (Stats SA) reported a 4.8% year-on-year contraction in February. Stats SA, which had noted a slowing in mining production during January to 3.7%, on Thursday said platinum group... 

SA mining production slows in January, further downside ahead

By: Natasha Odendaal Labour unrest has hurt South Africa’s mining output, Nedbank’s Economic Unit said as Statistics South Africa (Stats SA) noted a slowing in mining production during January. The ‘Mining production and sales’ report for January, released on Thursday, showed year-on-year growth slowing to 3.1% from... 

Mining output slowed in November, gold output up 35.5%

By: Natasha Odendaal As Statistics South Africa (Stats SA) reported sluggish mining output growth for November, warnings emerged of potentially subdued production growth going forward. The ‘Mining production and sales’ report for November, released on Tuesday, showed a 5.1% year-on-year increase, bolstered by gold,... 

State

By: Asha Ramsaran Tender work araing from state contracts  

SA mining output up 0.6% in September

By: Leandi Kolver South Africa’s mining production increased 0.6% year-on-year in September, Statistics South Africa (Stats SA) reported on Thursday. The main contributors to the 0.6% increase were manganese ore, which contributed 1.7 percentage points, platinum-group metals (PGMs), which contributed 1.2... 

Higher copper output lifts August mining production 2.1%

By: Natalie Greve South Africa’s August mining production increased by 2.1% year-on-year, helped by a noteworthy 95.2% jump in copper production and a sizeable 27.2% increase in diamond output, Statistics South Africa (Stats SA) reported on Thursday. This indicated a sustained recovery in mining production in... 

Gold and platinum lift SA mining output

By: Leandi Kolver Mining production increased by a modest 0.6% year-on-year in July, after a 5.4% decline in June, helped by higher gold and platinum group-metals (PGMs) output, Statistics South Africa (Stats SA) reported on Thursday. Gold production increased by 0.9% year-on-year, following a 13.6% decline in... 

SA gold production plunges, total mining output down 0.7% 

By: Natasha Odendaal Statistics South Africa (Stats SA) on Thursday said that mining output during May decreased 0.7%, after a 0.7% revised year-on-year improvement in April. Gold production emerged as the highest contributor, at -2.4 percentage points, to the decline, while manganese ore, contributing 1.5... 

SA mining output falls in March after two-month recovery

By: Natasha Odendaal South Africa’s mining output contracted by 3.5% in March, Statistics South Africa (Stats SA) reported on Thursday. This followed two consecutive months of recovery, rising 6.7% and 6.8% in January and February respectively. 

SA mining output up 7% y/y in February, reflecting low 2012 base

By: Idéle Esterhuizen Mining production in South Africa increased in February, growing 7% year-on-year, following the downwardly revised 6.7% growth in January, Statistics South Africa’s (Stats SA’s) preliminary ‘Mining: Production and Sales’ report has shown. The highest positive growth rate of 66% in February was... 

Dec mining output falls

By: Natasha Odendaal Banking group Nedbank said on Thursday that it seemed South Africa’s mining sector was still “reeling from the devastating effects” of the widespread labour unrest last year, as stagnant gold and platinum output continued to weigh on the country’s overall mining production growth. Statistics... 

Third-quarter formal employment up 0.1%

By: Natasha Odendaal South Africa’s formal, nonagricultural employment rose by 0.1% in the third quarter of the year, with 10 000 jobs added, taking employment in the sector to 8.44-million during the period under review, Statistics South Africa (Stats SA) reported on Tuesday. Compared with the second quarter, a... 

Mining drags down SA’s third-quarter growth

By: Natasha Odendaal South Africa’s gross domestic product (GDP) growth slowed in the third quarter, dragged down by a sharp contraction in the mining sector. Statistics South Africa’s (Stats SA’s) latest quarterly GDP report showed third-quarter growth of 1.2%, compared with 3.4% in the prior quarter.  

September mining production down 8.3%

The wildcat strikes that swept across the South African mining industry over the last few months had taken their toll on production, especially platinum and gold output. Statistics South Africa (Stats SA) on Thursday reported a 8.3% year-on-year decrease in mining output in September, with... 

July mining output increases 6.7%, PGMs up 11.7%

By: Megan van Wyngaardt South Africa’s mining production increased by 6.7% year-on-year in July, from a revised increase of 4.7% in June – the third consecutive monthly increase, Statistics South Africa (Stats SA) reported on Thursday. Platinum group metals (PGMs) output increased by 11.7% year-on-year, while manganese... 

SA quarterly economic growth of 3.2% buoyed by mining

By: Natasha Odendaal Increased economic activity during the second quarter of 2012 resulted in a 3.2% jump in seasonally adjusted real gross domestic product (GDP), compared with the 2.7% expansion recorded in the first quarter, Statistics South Africa (Stats SA) said on Tuesday. In its quarterly GDP report, Stats... 

South African mining production up – Stats SA

By: Megan van Wyngaardt South Africa’s seasonally adjusted mining production increased by 7.1% in the second quarter of 2012, compared with the first quarter of 2012, Statistics South Africa (Stats SA) reported on Wednesday. The main contributors to the second-quarter increase came from platinum group metals (PGMs),... 

SA mining output plummets as strike weighs on platinum

By: Idéle Esterhuizen South Africa’s mine production fell 14.5% year-on-year in February, the biggest monthly drop in nearly four years, official data released by Statistics South Africa (Stats SA) showed on Thursday. Compared with a revised 4.9% decrease in January, the February production registered the biggest... 

SA’s platinum output slumps nearly 20% in January

By: Mariaan Webb South Africa’s platinum-group metals (PGMs) production fell nearly 20% year-on-year in January, as the six-week strike at Impala Platinum’s (Implats’) Rustenburg mine hurt output. Compared with December’s production, output declined by 15.3% last month, Statistics South Africa (Stats SA)... 

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