South Africa records a 400mn rand trade deficit in July

JOHANNESBURG: South Africa recorded a trade deficit of 0.4 billion rand ($30 million) in July from a revised surplus of 5.5 billion rand in June, the national revenue agency said on Monday.

Exports increased by 4.7 percent to 94.2 billion rand, while imports were up 12.0 percent to 94.6 billion rand on a month-on-month basis, the South African Revenue Service said.