South Africa posts $123mn trade surplus in May

JOHANNESBURG: South Africa recorded a 1.74 billion rand ($123 million) trade surplus in May after a revised 3.53 billion rand deficit in April, data from the revenue service showed on Friday.

Exports rose 8.1% on a month-on-month basis to 112.1 billion rand in May, while imports climbed 3% to 110.3 billion rand, the South African Revenue Service said.