South Africa Trade Deficit Widens to 14.2 Billion Rand
This article is for subscribers only.
South Africa’s trade gap widened in July to the biggest in three months as machinery and chemical products imports climbed.
The deficit grew to 14.2 billion rand ($1.4 billion), the most since April, from 7.7 billion rand in June, the Pretoria-based South African Revenue Service said in an e-mailed statement today. The median estimate in a Bloomberg survey of 11 economists was for a 9 billion rand shortfall.