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.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now