EXPLAINER | SA boasts a record current account surplus - what that means for South Africans

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Commodity price gains have pushed the terms of trade to new records, according to an economist.
Commodity price gains have pushed the terms of trade to new records, according to an economist.
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This week, South Africa recorded a record current account surplus of R343 billion, or 5.6% of GDP for the second quarter. 

The current account surplus measures a country's transactions with those of rest of the world, including imports and exports, interest payments and dividends, and foreign aid.

For a decade, South Africa saw large deficits, due mostly to the income account.

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