Views Article – Sharenet Wealth

Africa, Forex

South Africa’s trade surplus narrows to $790 million in January

JOHANNESBURG, Feb 26 (Reuters) – South Africa’s trade surplus narrowed to 11.83 billion rand ($790 million) in January from a revised surplus of 33.06 billion rand in December, data from the revenue service showed on Friday.

Exports fell 13.6% on a month-on-month basis to 109.76 billion rand, while imports rose 4.2% to 97.93 billion rand, the South African Revenue Service said.

($1 = 14.9779 rand) (Reporting by Olivia Kumwenda-Mtambo Editing by Alexander Winning)

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.