SA records trade surplus in May
But the surplus is a deterioration on the R4.76bn surplus recorded in May 2018
SA switched back to a trade surplus of R1.74bn in May, as growth in exports exceeded growth in imports.
May’s surplus was attributable to exports of R112.07bn and imports of R110.33bn, data from Sars showed on Friday. Economists polled by Bloomberg expected a smaller surplus of R700m