SA records R4.9bln trade surplus in June
SA has recorded a R4.9-billion trade surplus in June after recording a R1-billion shortfall in May, buoyed on by higher commodity exports, Sars says.
South Africa had a R4.9-billion trade surplus in June after recording a R1-billion shortfall in May, the South African Revenue Service said on Friday.
The improvement in the trade account was “buoyed by higher commodity exports, specifically for precious and semi-precious stones and metals”, Sars said in a statement.
Exports rose by 7.5% month-on-month in June while imports were down 2.9%.
Economists surveyed by Reuters expected the trade account to register a R1-billion surplus in June.—Reuters
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