South Africa’s Feb mining output down 7.5% y/y

Statistics South Africa has reported that mining production in February decreased by 7.5% year-on-year.

The largest negative contributors were diamonds, with a 48.3% decrease in output, contributing -3.2 percentage points; gold, with a 20.6% decrease in output, contributing -3 percentage points; and iron-ore, with a 20.7% decrease in output, contributing -2.9 percentage points.