[miningmx.com] – THE return to production of South Africa’s platinum mines helped the country to economic growth of 1.4% in the third quarter, said Bloomberg News which cited the statistics office in Pretoria.
However, the fourth quarter economic growth would be affected by load-shedding undertaken by power utility Eskom as old power installations broke down and a coal silo collapsed at another reducing available power.
“Hopes had been resting on these sectors to create some sort of escape velocity for the economy,’ Razia Khan, head of research at Standard Chartered Plc in London, said in an e-mailed note to Bloomberg News.
Fourth-quarter “performance is likely to be limited by Eskom’s woes and the need to curb electricity consumption,’ she said.
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