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Views Article – Sharenet Wealth

Africa, Forex

South Africa’s trade surplus widens in June

JOHANNESBURG (Reuters) – South Africa recorded a 4.42 billion rand ($310.61 million) trade surplus in June after a revised 1.70 billion rand surplus in May, data from the revenue service showed on Wednesday.

Exports fell 3.2% on a month-on-month basis to 108.17 billion rand in June, while imports were down 5.8% to 103.75 billion rand, the South African Revenue Service said.

($1 = 14.2302 rand)

(Reporting by Olivia Kumwenda-Mtambo; Editing by Alexander Winning)


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