Gross domestic product shrank an annualized 2.2 percent in the first quarter of the year compared with the prior three months, Statistics South Africa said in a report released Tuesday in the capital, Pretoria. However, when measured against the first quarter of 2017, the economy expanded 0.8 percent.
Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.