SA mining production drop 4.3% year-on-year in April
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South Africa's mining production continued its slide in April. Output decreased by 4.3% year-on-year with the largest negative contributors being the platinum group metals with a slide of 6.5% while other metallic minerals dropped 36.3%, diamond and gold production fell 24% and gold nearly 6%. Mining production weighed negatively on first quarter GDP, this is a second consecutive month of losses. Jason Muscat, Senior Economic Analyst at FNB joined Business Day TV to discuss this print and its indications about the future of the industry.