South Africa's current account deficit widens to 1.1% of GDP in second quarter

Source: Reuters.

In rand terms the current account deficit rose to R82.8bn ($4.72bn), from a revised R47.8bn in the first three months of the year.

The trade surplus narrowed to R177.1bn in April-June from R211.0bn in January-March, as the value of goods exports decreased more than that of imports, the South African Reserve Bank said in a statement.