Minerals Council voices concern about dwindling mining investment
Following a quarterly decline in the third quarter’s real GDP, growth bounced back in the fourth quarter of last year, which the Minerals Council South Africa says bodes well for all sectors; however, it also warns that mining underinvestment is a major underlying concern for the country’s economy. Statistics South Africa (Stats SA) earlier this week reported that real GDP expanded by 0.6% quarter-on-quarter in the fourth quarter, which followed an upwardly revised contraction of 0.1% in the third quarter.
Following a quarterly decline in the third quarter’s real GDP, growth bounced back in the fourth quarter of last year, which the Minerals Council South Africa says bodes well for all sectors; however, it also warns that mining underinvestment is a major underlying concern for the country’s economy.
Statistics South Africa (Stats SA) earlier this week reported that real GDP expanded by 0.6% quarter-on-quarter in the fourth quarter, which followed an upwardly revised contraction of 0.1% in the third quarter.
