6 December 2019 – SA’s current-account deficit narrowed in the third quarter of 2019 by less than economists’ expectations, data from the SA Reserve Bank showed on Thursday. The current account is indicative of SA’s trade with the rest of the world. The deficit decreased to 3.7% of GDP from 4.1% in the second quarter […]
South Africa Q3 Current Account Deficit Narrows To 3.7% Of GDP Read More »
5 December 2019 – SA’s economy shrank by 0.6% in the three months to end-September, Stats SA announced. This is the second time this year that SA’s economy has contracted. In the second quarter of the year the economy grew by 3.1%, after shrinking by 3.2% in the first quarter. Over the past seven quarters, South Africa’s
Economy Shrinks By 0.6% In Third Quarter Read More »
3 December 2019 – The seasonally adjusted Absa Purchasing Managers’ Index (PMI) ticked down to 47.7 index points in November from 48.1 in October. The decline, the financial services group said, was broad-based as four of the five subcomponents of the headline PMI nudged down when compared with the previous month. Despite the decline, the
Business Activity In South Africa Slumps Further Read More »
2 December 2019 – South Africa’s trade surplus narrowed to R3.09 billion in October from a revised R4.53 billion surplus in September, data from the revenue service showed on Friday. Exports were up 11.9% on a month-on-month basis to R123.4 billion while imports jumped 13.7% to R120.3 billion, the South African Revenue Service said. Meanwhile,
Trade Surplus Shrinks In October Read More »
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