The Reserve Bank’s Quarterly Bulletin shows real economic growth in the third quarter would have been 3.1% were it not for the metals sector strike.
The trade deficit unexpectedly shrunk to R6.5-billion in May as fewer vehicle imports offset the drop in platinum exports.
South Africa has recorded a trade deficit of R11.4-billion in March, outpacing market expectations of a R1.5-billion decline.
The effect of strikes on exports saw the current account deficit widen by almost R5-billion.
South Africa has posted a record trade deficit for January attributed largely to imports of machinery and other capital equipment.
South Africa’s trade deficit narrowed sharply in May as exports rose despite a transport sector strike.
South Africa’s trade account swung back into deficit in April, recording a shortfall of R1,9-billion, compared with a R460-million surplus in March.
SA’s trade deficit widened in February, data showed on Wednesday, reflecting a rise in imports as the economy recovers from last year’s downturn.
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/ 29 January 2010
The deficit on SA’s trade account narrowed sharply in 2009 compared with the previous year due to a recession that slashed imports.
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/ 27 February 2009
SA’s trade deficit hit a record R17,4-billion in January, swelled by plunging vehicle and precious metal exports as an economic crisis hits demands.
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/ 4 February 2009
Sars on Wednesday revised the country’s trade deficit for 2008 sharply lower after excluding gold temporarily imported for refining purposes.
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/ 31 October 2008
South Africa’s trade deficit widened to R7,1-billion in September, from a R5,12-billion shortfall in August, the Sars said on Friday.
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/ 30 September 2008
South Africa’s monthly trade deficit shrunk to R5,12-billion in August, largely due to a big fall in oil imports, official data showed on Tuesday.
SA recorded a trade deficit of R14,3-billion in July compared with June’s R180-million shortfall, the South African Revenue Service said on Friday.
Exports of R56,24-billion and imports of R57,90-billion in May resulted in a trade deficit of R1,66-billion, Sars said on Monday.