1 minute read
28 Nov 2014
3:10 pm

Trade deficit grows – Sars


South Africa recorded a R21 billion trade deficit for October, the SA Revenue Service (Sars) said on Friday.

Image courtesy of Stock.xchnge

“The R21.33bn deficit for October 2014 is due to exports of R89bn and imports of R110.32bn,” Sars said after the release of the October trade data.

“Exports decreased from September to October by R1.63bn [-1.8 percent) and imports increased from September to October by R16.65 billion [17.8 percent].”

The cumulative deficit for 2014 now stands at R95.1bn, compared to R73bn in 2013.

The trade statistics include country trade data for Botswana, Lesotho, Namibia and Swaziland.