FX.co ★ South Africa’s Mining Slump Eases as June Output Decline Moderates to 4.0%

South Africa’s mining sector remained in contraction in June 2026, but the pace of decline eased compared with the previous month, according to the latest official data updated on 13 August 2026. Mining production fell by 4.0% in June, an improvement from May 2026, when output shrank by 5.4%.

The softer decline suggests that while the industry is still under pressure, the worst of the recent pullback may be moderating. Market participants and policymakers will now be watching upcoming releases closely to see whether June’s data marks the beginning of a sustained improvement in mining activity or merely a temporary stabilization in a still-weak trend.