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Trade surplus falls to R8.9 billion

Data from the SA Revenue Services (Sars) yesterday showed that the country’s trade surplus decreased to R8.9billion in July from a downwardly revised R10.5bn surplus in June, as both imports and exports showed significant declines.

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SARS releases trade statistics for July 2016

The South African Revenue Service (SARS) today releases trade statistics for July 2016 recording a trade balance surplus of R5,22bn. The cumulative trade balance surplus (01 January to 31 July 2016) of R17,40bn is an improvement on the deficit for the comparable period in 2015 of R24,67bn. These statistics include trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS).

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