South Africa posts trade deficit of 4.31 billion rand in October

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South Africa posts trade deficit of 4.31 billion rand in October

9:25 CAT | 01 Dec 2022

Image: Bloomberg

outh Africa recorded a trade deficit of 4.31 billion rand ($254.40 million) in October, down from a revised surplus of 26.16 billion rand in September, data from the revenue service showed on Wednesday.
Exports fell 17.0% month on month to 159.61 billion rand in October, while imports were down 1.3% at 163.92 billion rand, the South African Revenue Service said.

($1 = 16.9420 rand)

Source: Reuters