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01 Dec
09:44

South Africa's steelmaking mineral exports earn less

South African steelmaking mineral export income totalled ZAR 115.02 billion ($6.63 billion) over January-August on a free on-rail (for) basis, down 3.9% on-year from ZAR 119.71 billion recorded in the corresponding period in 2021. However, on a USD basis, due to shrinking average prices and the weakening local currency, export income shrank nearly 11% on-year from $7.49 billion recorded in January-August 2021. In an eight-month period, total output decrea…
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