November mining output down 9% y/y amid loadshedding
South Africa’s mining production fell by 9% year-on-year in November last year Statistics South Africa (Stats SA) reports in its latest mining production and sales report. The 9% decline is a slight improvement over the 11% year-on-year dip that was recorded in October. However, financial services firm Investec noted on January 17 that the November result was weaker than consensus expectations of a 6.5% decline, as reported by information service Bloomberg.