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for more let's cross over to bronwyn seaborne from did all these partners broadcast a business day in johannesburg bronwyn south africa's a mining sector hospital under pressure for quite some time now but august data is even worse than expected what's happened. yes we've seen a contraction of 3.2 percent which is quite surprising given that most economists had expected production to come in quite flat and it was largely platinum group metals which lead the decline our mining industry has been under pressure for quite some time as you highlighted and if you look at some of the reasons why here at home it's really been an increase in the cost base gold miners particularly have come through quite a hectic period they've been wage negotiations in that sector and contract at strike action as well and now platinum group based on miners also coming up for wage negotiations we're not sure if he is going to be strike action they will have to wait and see so that coming to be and then globally obviously growth concerns they have really weighing on the picture because the slowing growth would m
for more let's cross over to bronwyn seaborne from did all these partners broadcast a business day in johannesburg bronwyn south africa's a mining sector hospital under pressure for quite some time now but august data is even worse than expected what's happened. yes we've seen a contraction of 3.2 percent which is quite surprising given that most economists had expected production to come in quite flat and it was largely platinum group metals which lead the decline our mining industry has been...
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a more let's bring in bronwyn seaborne news editor at business day t v burke brown when. africa is open to the participation on the private sector now how attractive is the country right now to investors. well if you think a look at a recent report from rand american bank which rate african countries in. africa come in 3rd place which is not too bad but when you consider that they held the box 3 years ago you can see how the country had down the ranks and largely because i. think owned enterprises because they need government bailouts and there are a lot of pressure on the country. and their home. and rating agencies and perky risk for him as well but army does take note of that should they be structural reforms at state owned enterprise and other who could improve the ranking and we're really starting to see that happen because this week we're launching the race plan for our. own being published which will take at the structural reform that investors are looking for and of course another well known state owned enterprises area south african airways any outside foreign in
a more let's bring in bronwyn seaborne news editor at business day t v burke brown when. africa is open to the participation on the private sector now how attractive is the country right now to investors. well if you think a look at a recent report from rand american bank which rate african countries in. africa come in 3rd place which is not too bad but when you consider that they held the box 3 years ago you can see how the country had down the ranks and largely because i. think owned...
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a more let's bring in bronwyn seaborne news editor at business day t v in johannesburg are proud when they're around a quarter south africa is open to the participation of the private sector now the practice is the country right now to investors. well if you take a look at a recent report from rand merchant bank which rates african countries in terms of their investment attractiveness you either provoke a come in 3rd place which is not too bad but when you consider that a healthy part 3 years ago you can see how the country has down the ranks and it's largely because in this. state owned enterprises because they need these big government bailouts and there are a lot of pressure on the countries and their contents raising agent work you risk for investors as well that army does take note that should take me structural reform at state owned enterprises south africa could improve ranking and we're really starting to see that happen because this week we're along the river the plan for our state. comping published which will come at the structural reforms that investors all the people and
a more let's bring in bronwyn seaborne news editor at business day t v in johannesburg are proud when they're around a quarter south africa is open to the participation of the private sector now the practice is the country right now to investors. well if you take a look at a recent report from rand merchant bank which rates african countries in terms of their investment attractiveness you either provoke a come in 3rd place which is not too bad but when you consider that a healthy part 3 years...