SA’s current-account shortfall narrows in third quarter
Subdued SA demand weighs on import activity, while the fragile global manufacturing situation and structural domestic issues hinder export potential
SA’s current-account deficit narrowed more than expected in the third quarter as the trade surplus widened, reflecting the sharper moderation in imports versus exports.
The current-account deficit, which measures the gap between what the country earns from exports and pays for imports, narrowed to R19.3bn in the three months ended September from R185.2bn in second quarter...
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