Trade Balance

South Africa Has Longest Trade-Surplus Run in Six Years in July

Posted on by The Editorial Team
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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South Africa’s trade balance recorded a further surplus of R12.04 billion

Posted on by The Editorial Team
South Africa’s trade balance recorded a further surplus of R12.04 billion

JOHANNESBURG (Capital Markets in Africa) – In December 2016, South Africa’s trade balance recorded a further surplus of R12.04 billion. This compares with a trade deficit of –R1.7 billion in November 2016. The market was expecting a trade surplus of around R6.3 billion for the month, although the trade data is extremely difficult to forecast accurately on a month-by-month basis, especially since the data is not seasonally adjusted and prone to revisions. South Africa has…

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Trade | U.S. Eyes Next Step in Africa Trade Relations, Froman Says

Posted on by The Editorial Team
Trade | U.S. Eyes Next Step in Africa Trade Relations, Froman Says

LAGOS, Nigeria, Capital Markets in Africa: The year after President Barack Obama extended African nations’ preferential access to U.S. markets by a decade, his administration is re-evaluating its trade relations with the world’s poorest continent. “It’s time to start looking at what comes next,” U.S. Trade Representative Michael Froman said in an interview in Kigali, Rwanda’s capital, where the World Economic Forum is holding its annual Africa summit. “Part of what motivates us is that we are hearing…

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African Economic Watch: African Countries Release October Inflation Rates Statistics …

Posted on by The Editorial Team
African Economic Watch: African Countries Release October Inflation Rates Statistics …

Lagos, Nigeria, Capital Markets in Africa — Most of the African countries released the inflation rates figure for October in the week ending Sunday 15 November 2015. South Africa also released the production figures for the mining and manufacturing sector and Tanzania’s M3 money supply September data were also released by the Bank of Tanzania.   Sudan’s annual inflation rate eased to 13.37 percent in October from a revised 13.56 percent in September, a monthly report…

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