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S.africa Records Trade 4.9 Bln Rand Surplus In June by thisisEMP: 2:46pm On Jul 30, 2011 |
South Africa had a 4.9 billion randtrade surplus in June after recording a 1.0 billion rand shortfall in May, the South African Revenue Service said on Friday. The improvement in the trade account was "buoyed by higher commodity exports, specifically for precious and semi-precious stones and metals," SARS said in a statement. Exports rose by 7.5 percent month-on-month in June while imports were down 2.9 percent. Economists surveyed by Reuters expected the trade account to register a 1.0 billion rand surplus in June. |
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