Current account deficit narrows as gold exports surge

Sep 5, 2024

Net gold exports rose 34% quarter on quarter after falling 7.6% in the first quarter

​Net gold exports rose 34% quarter on quarter after falling 7.6% in the first quarter   

SA’s current account deficit narrowed significantly in the second quarter bolstered by higher gold prices.

The current account deficit as a ratio of GDP recovered from 1.5% in the first quarter to 0.9% in quarter two, the SA Reserve Bank (SARB) said on Thursday…

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