Gold production in South Africa surged 5.2 percent year-on-year in November 2019, following an upwardly revised 1.4 percent fall in the previous month. It was the sharpest increase in gold output since August 2017, following 25 consecutive months of declines. On a seasonally adjusted monthly basis, gold production rose 0.8 percent. Gold Production in South Africa averaged -4.39 percent from 1981 until 2019, reaching an all time high of 75.70 percent in October of 2013 and a record low of -47.10 percent in October of 2012. source: Statistics South Africa
Gold Production in South Africa is expected to be -8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gold Production in South Africa to stand at -13.00 in 12 months time. In the long-term, the South Africa Gold Production YoY is projected to trend around -15.00 percent in 2020, according to our econometric models.