Trade surplus comes above market expectations
But the data is unlikely to change investors’ expectations of a general weakening of the trade and current account balances
31 October 2023 - 17:36
SA’s trade balance surprised in September, coming in higher than expected, but with the country still experiencing a logistics network issue, as well as the volatile rand, the data is unlikely to change investors’ expectations of a general weakening of the trade and current account balances.
The SA Revenue Service (Sars) data reported on Tuesday shows the country posted a trade surplus of R13.1bn in September, above market estimates of R12bn and compared to a downwardly revised R12.6bn surplus in the prior month. This was the third-consecutive goods trade surplus...
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