Drop in mining output shows crippling cost of load shedding for SA economy

- Mining production fell by a huge 8% in June year on year, and manufacturing by 3.5%Manufacturing was down 3.5% in June y/y, according to the latest numbers from Statistics South Africa.

The numbers were really negative for us. I think we've been always of the view that Quarter 2 outcomes would be very poor as a result of KZN flooding as well as load shedding intensity, so these numbers are confirming that view.If you look at the quarter on quarter growth of both mining and manufacturing output, they really indicate that GDP growth contracted by more than is expected.

You will realise you need the Zama zamas

A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me Gabriel_FOS1

Mining doesn't benefit us black South Africans anyway,so why are you reporting on it?

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Who'd have imagined a fight over Telkom!' Rain upsets buyout talks with MTNBruce Whitfield interviews TechCentral editor Duncan McLeod about Rain's plans for a merger with Telkom. A great platform that can make everybody smile, for my first time hearing about making money online, I thought is fake buy when I try it I realise that is real so I won’t keep silent I need everyone to smile like me Gabriel_FOS1
Source: ewnupdates - 🏆 30. / 53 Read more »

US inflation eases 'but you're still looking at successive rate hikes'The Money Show's Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: ewnupdates - 🏆 30. / 53 Read more »

WATCH: Strong demand for packaged goods, higher selling prices boost MpactBusiness Day TV speaks to Mpact CEO Bruce Strong I received my profits without delay and any attachment of fees now I can start making money with the help of LisaMarkdona2
Source: BDliveSA - 🏆 12. / 63 Read more »

Arthur Zwane hails Kaizer Chiefs defenceKaizer Chiefs head coach Arthur Zwane showered praise on the defence led by Zitha Kwinika after the win over Maritzburg United. Read more ➡️ Thanks for restoring my happiness in my dark days, During this period I invested $1500 and to my greatest surprise I got a return of $15,500. He's reliability can’t be equated _JamesAlderson
Source: KickOffMagazine - 🏆 36. / 51 Read more »

Mining production slips for fifth straight monthThe mining sector has been under pressure in 2022 due to load-shedding, a three-month strike in the gold sector and infrastructure bottlenecks
Source: BDliveSA - 🏆 12. / 63 Read more »

MELISSA FOURIE: Karpowership projects risk being another MedupiKarpowership is trying to exploit load-shedding to tie SA into a long-term contract that would be a financial and climate albatross around the country’s neck
Source: BDliveSA - 🏆 12. / 63 Read more »