Loading
1-Oct-2010 1:14 PM

South Africa posts largest trade deficit in six months for Aug-2010

South African Revenue Service stated (30-Sep-2010) South Africa posted its largest trade deficit in six months in Aug-2010, after a rail accident disrupted iron ore exports. The shortfall was SAR4.7 billion (USD675 million), compared with a surplus of SAR2 billion in Jul-2010.  Meanwhile, imports declined 1.5% in the month, mainly due to a 27% slump in oil shipments, while exports decreased 13.4%.  

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More