SOUTH AFRICA’S trade deficit narrowed in September to R4.34bn from R9.13bn, according to information released by the Standard Bank. Exports declined by 6.24% m/m in September to R39.808bn from R42.459bn in August, but the big surprise came from a massive decline in imports which fell by 14.4% m/m to R44.155bn from R51.59bn in August. However, even a level of R44bn still signals strong domestic demand.
