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Mineral sales had jumped by an astounding 46.9 percent year-on-year in March to R75 billion, Statistics SA (StatsSA) reported yesterday, boosted by the wave of record commodity prices and on expectations of an increase in global economic growth. Photographer: Guenter Schiffmann/Bloomberg SA mineral sales jump almost 47% on commodity bull run By Dineo Faku Share JOHANNESBURG - MINERAL sales had jumped by an astounding 46.9 percent year-on-year in March to R75 billion, Statistics SA (StatsSA) reported yesterday, boosted by the wave of record commodity prices and on expectations of an increase i...

MONEYWEB app instead? 00:01  The inland price of petrol being 24% higher than in April a year ago indicates that the inflation figure to be announced in May won’t look very pretty. Image: Waldo Swiegers, Bloomberg Inflation increased slightly in March, with headline inflation rising only 3.2% in March on a year-on-year basis – still comfortably near the lower end of the South African Reserve Bank (Sarb) inflation target of between 3% and 6%. However, expectations are that consumer prices are already increasing and the official inflation figures will catch up to the rising prices...

Mining output expected to surge further as world economy picks up By Dineo Faku Share JOHANNESBURG - PRECIOUS metals and minerals once gain came through for the beleaguered mining industry as output surged and was expected to lift even further in the medium term. Data from Statistics South Africa (StatsSA) yesterday showed that production improved with export values growing 5.6 percent month-on-month in February to R53.5 billion. Analysts said that the output was 33.6 percent higher than the comparable period last year, suggesting that external conditions had become favourable in line with th...

February output down as manufacturing continues to struggle By Siphelele Dludla Share JOHANNESBURG - THE MANUFACTURING industry in South Africa continues to struggle to recover from the Covid-19 induced depression as factory output fell more than expected in February. Data from Statistics South Africa (StatsSA) yesterday showed that manufacturing production remained in contractionary territory as it fell by 2.1 percent in February from a year ago. February followed an upwardly revised 4.2 percent slump in January and was significantly weaker than market expectations of a 0.4 percent fall. S...

Positive current account surplus lights up the market By Siphelele Dludla Share JOHANNESBURG - THE RAND yesterday lifted on the strong current account deficit posted for the first time in 20 years to exchange hands below the R15 psychological mark against the dollar after the gross domestic product print put it on a back foot this week. The rand gained but relinquished the rally after strengthening 2.7 percent in earlier trade to hit R14.95 against the greenback at 5pm. Data from the SA Reserve Bank (SARB) showed that the current account surplus narrowed to a still sizeable surplus of R197.8 ...