SA’s trade deficit grows to R21bn

2014-11-28 16:13

South Africa recorded a R21 billion trade deficit for October, says the SA Revenue Service (Sars).

“The R21.33 billion deficit for October 2014 is due to exports of R89 billion and imports of R110.32 billion,” said Sars after the release of the October trade data.

“Exports decreased from September to October by R1.63 billion [-1.8%) and imports increased from September to October by R16.65 billion [17.8 percent].”

The cumulative deficit for 2014 now stands at R95.1 billion, compared to R73 billion in 2013.

The trade statistics include country trade data for Botswana, Lesotho, Namibia and Swaziland.

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