Nigeria Content Online

South Africa’s
trade account recorded a 10.3 billion rand surplus in December compared
with an 8.4 billion rand surplus in November, the South African Revenue
Service (SARS) said on Monday.

Exports increased
by 10.4 per cent month-on-month in December while imports fell by 15.9
per cent. SARS said the December surplus was “buoyed by higher
commodity exports, specifically iron ore, precious metals, and base
metals.”

Ten economists surveyed by Reuters expected the trade account to register a 2.75 billion rand surplus in December.