Mining, trade drive South Africa’s 0.5% GDP growth
Growth was driven mainly by the mining and quarrying sector, which rose by 2.3% on the back of higher production in platinum group metals, manganese ore, and coal.
Growth was driven mainly by the mining and quarrying sector, which rose by 2.3% on the back of higher production in platinum group metals, manganese ore, and coal.
Glencore blamed the retrenchments on the government’s inability to provide a competitive electricity tariff.
PGMs remained the largest contributor to overall growth, with production rising 3.8% and adding 1.1 percentage points to the monthly increase.
Sibanye Stillwater said its operations in South Africa’s platinum group metals (PGM) sector and gold division delivered particularly robust results.
The incident has sparked concern over the role of law enforcement in private business disputes and the potential misuse of state resources.
The PIC said the early-stage mining funding aligns with the South African Government’s Exploration Strategy for the Mining Industry of South Africa (2022)
and the Critical Minerals and Metals Strategy (2025).
The transaction will see the two companies consolidate the management of their respective chrome recovery plants, which they currently operate independently.
Job growth in chrome, coal, platinum group metals (PGMs), and gold drove the mining sector’s employment increase.