SA’s first trade deficit in three months surprises economists
But July’s deficit of R2.88bn is an improvement on the deficit of R4.56bn recorded in July 2018
SA recorded a surprise trade deficit of R2.88bn in July from an upward revised surplus of R5.5bn in the previous month.
July's deficit is attributable to exports of R112.94bn against imports of R115.82bn. Exports increased 5.6% and imports increased 3.9% year on year in July...