SA records trade surplus in Sept

SARS said the surplus was mainly due to an increase in exports of 12.77% and a decrease in imports of 1.65%.

Exports of R45.53 billion and imports of R41.66 billion resulted in the surplus.

Imports decreased by R0.7 billion to R41.66 billion and exports increased by R5.2 billion to R45.53 billion.

In August South Africa registered a trade deficit that came in at R1.98 billion due to a decrease in exports and a decrease in imports.

According to SARS, the August to September change in imports of goods reflected decreases mainly in mineral products and machinery and mechanical appliances and electrical machinery and equipment.

Article published courtesy of BuaNews