Symptoms of A Frail Recovery

SOUTH AFRICA - Report 11 Apr 2014 by Iraj Abedian
The performance of mining and manufacturing disappointed in February 2014. Looking ahead, risks to these sectors are tilted to the downside, with adverse consequences for an economic recovery in 2014. Contraction in total mining production – by almost 5% y/y in February 2014 (see Graph 1) – may signal a turning point for mining performance on the whole. Mining output had exhibited positive growth since July last year until January 2014. Prolonged strikes (almost 3 months to date) in the platinum mining sector have severely restrained the performance of mining and other related sectors. Prod...

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