South Africa overtaken by China as world’s top gold producer

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Since 1905, South Africa has been the world’s top producer of gold. That has now changed, due to an increase in production out of China (helped, it has been pointed out, by Canadian companies). And by a decrease in South African production – down 8.1% over the last year alone – due to […]

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South African retail sales continue to slump in November

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By Kevin Lings

Stats SA have released the retail sales data for November 2007. According to this latest survey, retail sales rose by a very modest 0.2%y/y in real terms in November. This compares with a 1.9%y/y in October and 1.7%y/y in September. The market was expecting a decline of 0.4%y/y, but […]

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