SA economy recorded a trade surplus of R4.42bn in June | IOL Business Report

JOHANNESBURG - A sense of optimism temporarily washed over the South African economy this afternoon after the nation recorded a trade surplus of R4.42 billion in June.

The nation achieved a trading surplus for the second consecutive month suggesting that there is demand for South African exports. However, both exports and imports declined in June with the 5.8% drop in imports caused by weak domestic growth. With exports dropping by 3.2% month-over-month amid slowing global growth, this is negative for South Africa, especially when factoring how exports account for approximately 30% of GDP.

The Rand’s muted reaction to the balance of trade figures suggests that the local currency is more concerned with external drivers. With the Federal Reserve expected to cut interest rates for the first time in over 10 years on Wednesday, the Rand like many other emerging market currencies could remain on standby until the rate decision and Jerome Powell’s post-meeting press conference.

So bafuna ukuqeda le surplus ke ngalo Eskom.

cc MthuliNcube MoeChanda GGuvamatanga InfoMinZW nickmangwana

Filling a bucket with holes with an eyedropper.

InuWolfie what does this mean?

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Future of coal industry in SA is bright – Minerals Council SA'The coal sector remains key to the country’s development and industrialisation,' Minerals Council spokesperson Charmaine Russell said.
Fonte: TheCitizen_News - 🏆 6. / 75 Consulte Mais informação »