Trade surplus at R9 billion

In July, South Africa’s trade surplus slid to R8.99 billion, some $688 million at the current rate of exchange, from a revised R10.56 billion surplus in June. This, according to data from the revenue agency.

Moreover, according to the South African Revenue Service, exports fell 8.7 percent, to R93.1 billion, on a month-on-month basis, while imports were down 8 percent, to R84.1 billion.