China’s ambassador said South Africa’s call to narrow its trade deficit and diversify exports required building local beneficiation capacity
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.