Lockdowns both domestically and abroad will likely hamper any meaningful recovery in South Africa’s mining sector in the short to medium term says FNB economist Geoff Nölting. Domestic mining production took a nosedive in November as it dropped by an astounding 11.6 percent year-on-year, Nölting said, explaining that on a seasonally adjusted basis, mining production declined for the third consecutive month following declines of 0.7 and 0.8 percent in October and September respectively.
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