Slow growth expected to knock SA’s exports
Trade balance reflects subdued domestic and international economic growth
SA’s trade balance will remain volatile in 2019 as the global growth slowdown takes a toll on the country’s exports.
In May, SA switched back to a trade surplus of R1.74bn as growth in exports exceeded growth in imports, data from the SA Revenue Service (Sars) showed on Friday. The surplus was attributable to exports of R112.07bn against imports of R110.33bn. Economists polled by Bloomberg expected a smaller surplus of R0.7bn.