• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
See More

SA bulk exports plunge

Feb 12 2013 12:42
I-Net Bridge
Johannesburg – SA's bulk export volumes fell by 12.7% year on year (y/y) in January 2013 to 11.8-million tons (Mt)‚ data from the Transnet National Ports Authority (TNPA) showed on Tuesday.

Bulk exports rose by only 4.8% in 2012 after a 6.8% gain in 2011 and a 9.0% jump in 2010.

Bulk exports were up 9.2% year on year (y/y) in the first nine months of 2012 before industrial action in the mining sector curtailed exports.

Exports out of Richards Bay‚ which are mostly coal‚ declined by 9.2% y/y in January 2013 to 6.99Mt after rising by 5.2% in 2012 to 80Mt.

Exports out of Saldanha‚ which are mostly iron ore‚ plunged by 24.3% y/y to 3.789Mt after increasing by 4.6% in 2012 to 55.7Mt‚ while exports out of all other ports surged by 25.9% y/y in January to just over one million tons after gaining 3.4% in 2012 to 12.6Mt.

The poor January bulk exports data show that the SA economy is unlikely to gain from external demand in 2013 after a real decline in exports last year.

The Treasury is due to give an updated outlook for economic growth this year in the February 27 budget.

Last week‚ Statistics SA reported that formal sector employment fell by 0.1% y/y in the fourth quarter 2012‚ while employment agency Adcorp on Monday said that employment fell sharply in January with 51‚495 jobs lost during the month.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

tnpa  |  exports


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote