HILARY JOFFE: Why the commodities boom has not lured investment

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa News News

The muted investment response is not exclusive to SA, but the country erects its own absurd barriers

While commodity prices have been booming, SA’s mining tonnages have been sliding, with the latest figures showing the output of the mining sector declined for a fifth consecutive month in June. At its current level the sector’s output is not just below pre-Covid levels — it’s hardly better than in 2015.

The numbers confirm the picture highlighted by Minerals Council chief economist Henk Langenhoven, who points to the stark contrast between the industry’s financial performance and its real economy performance...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Becoming a great person in life do take time but time awaits you so get started with _JamesAlderson He's actually the best in the stock market. A highly recommended broker

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines