JOHANNESBURG Dec 29 (Reuters) – South Africa’s trade
account recorded a deficit of 8.0 billion rand ($979.64 million)
in November compared with a 9.6 billion rand shortfall in
October, the South African Revenue Service said on Thursday.
Exports rose by 11.9 percent month-on-month to 68.5 billion
rand in November while imports increased by 8.1 percent to 76.5
billion rand.
Economists surveyed by Reuters expected a much smaller trade
shortfall of 2.25 billion rand for November but the data is
volatile and thus hard to forecast.
($1 = 8.1663 South African rand)
(Reporting by Xola Potelwa)
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