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, the South African Revenue Service (Sars) said on Monday.
Sars said in a statement exports fell by 14,29% to R44,17-billion compared with the previous month, while imports fell by 9,83% to R46,06-billion.
Economists polled by Reuters had predicted a R2-billion deficit in the trade account, which was close to the outcome. — Reuters