Statistics South Africa (Stats SA) reports that mining production increased by 7% year-on-year in February, with the largest positive the coal sector, which contributed 13.7%, followed by platinum group metals (PGMs) with 8.7% and gold with 11.5%.
However, asset management company Investec noted in a statement on February 19 that the statistics did not yet reflect the impact of Covid-19 linked restrictions implemented in South Africa, as these were only enforced at the end of March.