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Exports increase reported in South Africa

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Friday, 23rd April 2004 (7418 views)

South Africa saw a 10 per cent growth in mineral exports last year, helped by sales of gold.<BR/><BR/>According to the department of minerals and energy $11.25 billion was made on exports, according to Bloomberg.<BR/><BR/>37.7 per cent of export earnings came from gold sales, whilst total production value increased by 18 per cent to $15.33 billion.<BR/><BR/>The ministry had originally predicted in February that exports had grown to $11.4 billion in 2003.<BR/><BR/>South Africa is the world's biggest producer of precious metals.

 

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