Trade balance swings to R8.79bn surplus in August

28th September 2018 By: Reuters

South Africa's trade balance swung to a surplus of R8.79-billion ($619-million) in August from a revised R5.29-billion deficit in July, data from the revenue agency showed on Friday.

Exports rose by 9.4% on a month-on-month basis to R116.88-billion in August, while imports fell by 3.6% to R108.09-billion, the South African Revenue Service said in a statement.