CommoditiesMedium•13 November 2026•
1 min read
South African Mining Output Contracts 10.7% in September
Key Facts
1Total South African mining production fell by 10.7% year-on-year in September.
2Gold production specifically fell by 7.5%, marking an accelerating decline compared to the previous month.
Total South African mining production fell by 10.7% year-on-year in September. Mining Review Africa reported that gold production specifically dropped by 7.5%, marking an accelerating decline compared to the previous month.
The decline represents a deepening slump in the country's extractive industries, with gold production falling faster than the 5.7% decline recorded in the prior period. This follows data from November 10, 2026, showing the South African unemployment rate rose to 33.7%.
An interest rate decision is scheduled for November 19, 2026, with forecasts suggesting a potential increase to 7.5% from the previous 7.25%.