Current account deficit widens in fourth quarter
Domestic structural inefficiencies will continue to place a lid on export volumes
07 March 2024 - 15:19
UPDATED 07 March 2024 - 18:35
SA’s current account deficit widened in the last quarter of 2023, largely driven by a sharp deterioration in the trade surplus and reflects the effects of lower export commodity prices, logistics infrastructure constraints and strong imports for energy-related projects.
Reserve Bank data released on Thursday showed the current account deficit rose sharply to R165.5bn in the fourth quarter, from an upwardly revised R34.4bn in the previous period and worse than market forecasts of a R92bn shortfall...
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