The effect of the weaker rand/dollar exchange rate has made itself felt in the latest SA Revenue Service (Sars) trade stats.
The good news was that the stats for May recorded a trade surplus of R4.99 billion. And that was not all due to imports being priced out of the market. Exports also played a money-making role.
The surplus was due to exports of R88.94bn and imports of R83.95bn. Exports increased from April to May by R3.94bn (4.6%) and imports decreased by R2.49bn (2.9%).
The cumulative deficit for 2015 is also beginning to read better – declining from R46.95bn in 2014 to R29.85bn at end-May.
One SA deficit actually becomes surplus
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