{"id":9097,"date":"2012-03-19T15:21:48","date_gmt":"2012-03-19T13:21:48","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africa-q4-cact-deficit-narrows-to-3-6-pct\/"},"modified":"2012-03-19T15:21:48","modified_gmt":"2012-03-19T13:21:48","slug":"s-africa-q4-cact-deficit-narrows-to-3-6-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-q4-cact-deficit-narrows-to-3-6-pct\/","title":{"rendered":"S.Africa Q4 c\/act deficit narrows to 3.6 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">PRETORIA, March 19<\/span> (Reuters) &#8211; South Africa&#8217;s current<br \/>\naccount deficit narrowed to 3.6 percent of gross domestic<br \/>\nproduct in the fourth quarter of 2011 from a revised 4.1 percent<br \/>\nin the third quarter, helped by lower dividend payments to<br \/>\nnon-residents.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>However, in its March Quarterly Bulletin, released on Monday,<br \/>\nthe Reserve Bank said the current account shortfall for the<br \/>\nwhole of 2011 widened to 3.3 percent of GDP from 2.8 percent in<br \/>\n2010, largely due to a sharp deterioration during the second<br \/>\nquarter.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts polled by Reuters had predicted a 4.1 percent gap<br \/>\nin the current account for the fourth quarter.<\/p>\n<p><span><\/span><\/p>\n<p>The deficit on the income and current transfer payments<br \/>\naccount was at 93.1 billion rand ($12.3 billion) in the fourth<br \/>\nquarter, narrowing substantially from 137.8 billion rand in Q3.<\/p>\n<p><span><\/span><\/p>\n<p>The trade balance switched from surpluses at the start of the<br \/>\nyear to a deficit in the final quarter as rising domestic demand<br \/>\npushed imports higher.<\/p>\n<p><span><\/span><\/p>\n<p>However, the deficit on the current account was adequately<br \/>\nfunded by portfolio flows, the Reserve Bank said.<br \/>\n($1 = 7.5948 South African rand)\t<\/p>\n<p> (Reporting by Stella Mapenzauswa; Editing by Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PRETORIA, March 19 (Reuters) &#8211; South Africa&#8217;s current account deficit narrowed to 3.6 percent of gross domestic product in the fourth quarter of 2011 from a revised 4.1 percent in the third quarter, helped by lower dividend payments to non-residents. However, in its March Quarterly Bulletin, released on Monday, the Reserve Bank said the current [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9097","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9097"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9097\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}