South Africa: Unexpected Growth in Trade Deficit

Johannesburg — SA's trade deficit widened unexpectedly to R9,8bn last month as oil and machinery imports climbed, but a number of trends are in place which will help the balance to improve in the next few months.

That will in turn ease pressure on the shortfall on SA's large current account, allowing it to shrink significantly next year, which is good news for the volatile rand.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.