Saturday, January 28, 2017
Exports have improved South African trade balance
Better exports have improved our trade balance or account with the rest of the world. The current account deficit narrowed to 5.1 percent of South Africa's GDP in the fourth quarter of last year - compared to 5.8 percent of GDP in the third. Overall the current account deficit for last year narrowned to 5.4 percent which is down from 2014. The deficit parly reflects the extent to which South Africa is importing more than it exports.
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