SA's trade surplus widens

South Africa's trade surplus grew to R3,52 billion in May, up from a R1,17 billion surplus in April.

South Africa‘s trade surplus widened to R3.52 billion ($255.70 million) in May, from a revised R1.17 billion surplus in April, according to data from the revenue agency.

The South African Revenue Service said in a statement that exports rose by 16 percent on a month-on-month basis to R102.61 billion in May, while imports rose 13.5 percent to R99.09 billion.