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World

South Africa's trade balance swings to 3.5bn rand surplus in November

JOHANNESBURG: South Africa's trade deficit swung to 3.49 billion rand ($242.92 million)surplus in November from a revise

December 28, 2018

JOHANNESBURG: South Africa's trade deficit swung to 3.49 billion rand ($242.92 million)surplus in November from a revised 4.28 billion rand deficit in October, official data showed on Friday.

Exports fell by 2.3 percent on a month-on-month basis to 118.8 billion rand in November, while imports decreased 8.4 percent to 115.4 billion rand, the South African Revenue Service said in a statement.

Copyright Reuters, 2018