SA’s current account surplus narrows in fourth quarter of 2020

South Africa’s current account surplus narrowed to 3.7% of gross domestic product in the last quarter of 2020 from 5.9% in the prior quarter as the trade surplus fell and there was a larger shortfall on the income account, central bank data showed on Thursday.

The rand value of the current account surplus was at R197.8 billion ($13.20 billion) in the three months to the end of December from R294.4 billion in the third quarter.

The trade surplus narrowed to R425.2 billion in the fourth quarter from R450.9 billion in the previous three months.


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