Trade surplus falls to R9bn in July

31st August 2017 By: Chanel de Bruyn - Creamer Media Senior Deputy Editor Online

South Africa's trade surplus slid to R8.99-billion ($688-million) in July from a revised R10.56-billion surplus in June, data from the revenue agency showed on Thursday.

Exports fell 8.7% to R93.1-billion on a month-on-month basis in July, while imports were down 8% to R84.1-billion, the South African Revenue Service said in a statement.