Eskom crisis causes sharp fall in mining production

Rotational power outages, a failing logistics network and slowing global demand have led to a 10th consecutive month of decline in SA’s mining activity, while the latest announced electricity hike is also set to place more pressure on an already struggling sector.

Stats SA on Tuesday said annual mining production for November contracted 9% after October’s 11% sharp fall. The number is worse than the median consensus of a Thomson Reuters survey of economists of 6.9%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

Source: News Formal (newsformal.com)

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