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S. Africa Shows Trade Deficit

S. Africa Shows Trade DeficitS. Africa Shows Trade Deficit

South Africa posted a 10.81 billion rand ($830 million) trade deficit in January, more than market expectations, following a revised 12.41 billion rand surplus in December, data from the revenue agency showed on Tuesday, Reuters reported. Exports in January fell by 14% on a month-on-month basis, while imports were up 12.5%, the South African Revenue Service said in a statement. Analysts polled by Reuters had expected a trade deficit of 8.4 billion rand for January.

 

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