Mining data deceiving of reality

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg – The positive contribution of the mining sector to GDP during the first quarter is deceiving of the underlying concerns in reality.

This is according to Chamber of Mines chief economist, Henk Langenhoven, who issued a statement on Wednesday ahead of the release of the second quarter production figures.

“The positive seasonal contribution of mining to the economy masks the current precarious position of the South African mining sector,” he said.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.97
-0.2%
Rand - Pound
21.12
+0.0%
Rand - Euro
17.95
+0.1%
Rand - Aus dollar
11.34
-1.0%
Rand - Yen
0.14
-0.1%
Gold
1,780.53
+0.1%
Silver
22.43
+0.2%
Palladium
1,860.00
+0.3%
Platinum
959.00
+1.8%
Brent Crude
73.08
+4.6%
Top 40
66,485
+2.9%
All Share
72,905
+2.7%
Resource 10
70,134
+4.0%
Industrial 25
95,890
+2.7%
Financial 15
14,193
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot