South African current-account deficit at 9-year low

JOHANNESBURG – South Africa’s current-account deficit narrowed to a nine-year low in the fourth quarter as outflows decreased.
The shortfall on the current account, the broadest measure of trade in goods and services, shrank to 1.3% of gross domestic product from 3.7% in the previous period, the South African Reserve Bank said in a report released Thursday in Pretoria. 
That’s the smallest gap since the final three months of 2010. The median estimate of three economists in a Bloomberg survey was for a deficit of 3%.

Source: iol.co.za