SA’s current account widens, with the first annual deficit since 2019 reported
SA’s current account balance switched to a deficit of R174bn, 2.6% of GDP, in the fourth quarter of 2022 from a revised surplus of R3.1bn in the third quarter
09 March 2023 - 11:14
UPDATED 09 March 2023 - 17:32
SA’s current account widened in the fourth quarter of 2022 — and also deteriorated for the year — reflecting the effects of fading terms of trade support and the deteriorating performance of critical transport logistics infrastructure.
This is the first annual deficit since 2019...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.