Current account deficit falls as exports surge in fourth quarter
Higher net gold exports the biggest contributor to larger trade surplus, Reserve Bank says
06 March 2025 - 11:30
UPDATED 06 March 2025 - 23:06
SA’s current account deficit fell sharply in the fourth quarter as stronger export growth boosted the country’s trade surplus even as global trade tensions clouded the outlook.
The Reserve Bank on Thursday said the gap narrowed to R31.6bn from a revised R55.6bn in the third quarter. As a percentage of GDP the deficit improved to 0.4% from 0.8% previously...
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