Trade shifts into surplus

SOUTH Africa's trade account swung unexpectedly into surplus in March - after a deficit the previous month.

SOUTH Africa's trade account swung unexpectedly into surplus in March - after a deficit the previous month.

This attested to domestic demand remaining depressed after last year's downturn.

Sars has reported a surplus of R460million for March - compared with a R5,7billion shortfall in February.

Compared with the previous month, exports were up 27,5percent while imports increased by 11,16percent.

"This is a generally volatile (trade) number, it should not be unexpected to see something different to what the economists forecast," said Christie Viljoen at NKC Independent Economists. - Reuters

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