Business Times

Trade deficit widens to 21.39 bln rand in October, rand tumbles

30 November 2015 - 16:50 By Stella Mapenzauswa
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The South African Reserve Bank building in Pretoria. File photo.
The South African Reserve Bank building in Pretoria. File photo.
Image: GALLO IMAGES

South Africa's trade deficit widened more than expected to 21.39 billion rand ($1.5 billion) in October from a revised 1.26 billion rand shortfall in September, the national revenue agency said on Monday.

Exports decreased by 6 percent to 86.35 billion rand, while imports jumped by 15.7 percent to 107.74 billion rand on a month-on-month basis, the South African Revenue Service said.

The rand fell to a record low of 14.4600 by 1212 GMT after the data was released.

- Reuters

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