South Africa’s current account deficit widens to 1.1% of GDP in second quarter

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South Africa’s current account deficit widens to 1.1% of GDP in second quarter

7:47 CAT | 11 Sep 2025

File photo: Reuters

South Africa’s current account deficit widened to 1.1% of gross domestic product (GDP) in the second quarter of 2025, from a revised 0.6% deficit in the first quarter, central bank data showed on Thursday.

In rand terms the current account deficit rose to 82.8 billion rand ($4.72 billion), from a revised 47.8 billion rand in the first three months of the year.

The trade surplus narrowed to 177.1 billion rand in April-June from 211.0 billion rand in January-March, as the value of goods exports decreased more than that of imports, the South African Reserve Bank said in a statement.

Source: Reuters