Macro Analysis /
South Africa

South Africa: Mining recovery clearly loses steam with drop of 11.6% y/y in November

    EmergingMarketWatch
    19 January 2021
    • Mining performance disappoints market which pinned a 5.0% y/y contraction in November
    • Mining is still set to contribute to GDP growth in Q4, though rate slows
    • Iron, PGMs and coal weigh on mining output in November