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Surprise trade surplus for SA.
Byline: MARIAM ISA
Surprise trade surplus for SA Imports fall as local demand dwindles while higher exports are driven by Asian growth, writes SA's trade balance swung unexpectedly back into the black with a surplus of R3,87bn last month the biggest in nearly six years.
It was the fourth trade surplus in five months, spurred both by waning imports, which fell 1,65%, and a surge in exports, which climbed 12,8%, official data showed on Friday. Consensus forecasts had predicted a trade deficit of about R1bn after a R1,98bn shortfall during August, but the data are notoriously volatile.
Nonetheless the trend is positive for this year, with a cumulative deficit …
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