Diamonds push mining production up
Wednesday, December 20, 2017
The index of mining production (IMP) stood at 90.7 in the third quarter of 2017 showing a year-on-year increase from of 23% from 73.7 during the third quarter of 2016.
According to the data office, the quarter-on-quarter analysis reflects an increase of 3.9% from 87.3 during the second quarter of 2017.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...