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South Africa Has Longest Trade-Surplus Run in Six Years in July
JOHANNESBUGH (Capital Markets in Africa) – South Africa had a surplus on its trade balance in July, the longest run of positive readings since 2011. The 9 billion-rand ($689 million) surplus compares with June’s revised 10.6 billion-rand surplus, the Pretoria-based South African Revenue Service said in an emailed statement Thursday. The median of nine economists’ estimates was for 7.1 billion rand. The surplus eases pressure on the current account, the broadest measure of trade in goods and services, while also boosting…
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