SOUTH AFRICA’S trade deficit narrowed marginally to a still massive R9.131bn in August from R9.397bn in July, according to latest figures from Standard Bank. Exports increased by 0.8% m/m in August to R42.459bn from R42.124bn in July, but were just not good enough to manifest a stronger narrowing of the trade deficit during the month. Growth in imports fell by an almost negligible 0.13%.
Trade deficit narrows marginally
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