South Africa’s trade surplus grew sharply in March as commodity exports jumped on the back of strong global demand, raising the chances it will be able to narrow the current account deficit, which is seen as a key economic weakness. The treasury has an ambitious target to trim the current account deficit to around 3% from 4% of gross domestic product last year.
Source: www.engineeringnews.co.za
South Africa’s trade balance records R11.4bn surplus in March
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