ENGLISH ABSTRACT: This research studies the relationship between economic growth and commodity-market volatility in South Africa. The mining industry, largely supported by gold, diamonds, coal, iron ore and platinum-group metals, has played a central role in South Africa's economic development....

The main contribution to economic growth in South Africa prior to the early 1990s resulted from factor accumulation – principally capital, but also labour. Technological progress, as measured by total factor productivity (TFP) growth effectively made no contribution. From the 1990s however,...