Mining production output improved in February compared to the previous month. Statistics South Africa’s latest data shows that mining output increased by 3.1% year-on-year in February 2018.
The biggest contributors came from diamonds and iron ore.
Econometrix’s Sam Rolland says that finalising the mining charter and taking advantage of the improvement in commodity prices will see further investment in the sector.
“I think the hope for 2018 for many in the industry is that the mining charter will be finalised within the next month or two. And many are hoping that this is cause for a lot of more optimism and hopefully, we should see a return of fixed investment particularly in the mining sector which should bring about a quicker recovery and the hope is that the country will be able to take full advantage of the upswing in commodity prices.”
