• Latest
  • Trending
chamber of mines says concerned about Gordhan sacking

South Africa trade surplus soars to 13 bln rand in November

December 28, 2017
President John Magufuli died from coronavirus, says Tanzania opposition leader

President John Magufuli died from coronavirus, says Tanzania opposition leader

March 18, 2021
Four dead, 16 injured in Eastern Cape crash

Police officers arrested for the killing of Mthokozisi Ntumba to appear in court

March 17, 2021
Armed men attack passenger convoy and village in Niger, killing 58

Armed men attack passenger convoy and village in Niger, killing 58

March 17, 2021
Ramaphosa vist EFF’s Seshego stronghold, says corrupt people will be jailed

CR17 bank statements never entered into court records: Lawyer

March 17, 2021
City of CT ‘managing’ load shedding as power cuts hit SA again

Eskom says possible heavy load shedding this winter if capacity is not met

March 16, 2021
EFF Student Command at UP calls for postponement of 2021 academic year

EFF Student Command at UP calls for postponement of 2021 academic year

March 16, 2021
Pick n Pay agrees to cap ginger and garlic pricing

Pick n Pay agrees to cap ginger and garlic pricing

March 15, 2021
TUT students won’t be joining nationwide fees protest, for now

TUT students won’t be joining nationwide fees protest, for now

March 15, 2021
Survivors of Equatorial Guinea blasts recall trauma

Survivors of Equatorial Guinea blasts recall trauma

March 15, 2021
Hundreds of drunk drivers arrested in Gauteng

JMPD deploys officers in Joburg CBD ahead of student protests

March 15, 2021
Students can apply for payment plans to cover registration fee: UWC

Nationwide university shutdown

March 15, 2021
ANCWL in the North West backs embattled Mahumapelo

Mahumapelo calls for removal of Dodovu

March 15, 2021
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement
Wednesday, April 21, 2021
  • Login
TP
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement
No Result
View All Result
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement
No Result
View All Result
TownPress
No Result
View All Result
Home Business

South Africa trade surplus soars to 13 bln rand in November

December 28, 2017
in Business, Community, Finance
0
chamber of mines says concerned about Gordhan sacking
161
SHARES
798
VIEWS
Share on FacebookShare on Twitter

JOHANNESBURG – South Africa’s trade surplus soared to 13.02 billion rand ($1.06 billion) in November, its highest in a one-and-a-half years as exports of mineral and chemical products as well as commodities and vehicles grew briskly while imports were subdued.

It was a big jump in the surplus from 4.34 billion rand in October, according to revenue service data on Thursday, and well above market expectations of a modest 1.3 billion surplus in November – the 10th consecutive month in the black.

Exports in November expanded by 11.5 percent, with sales of precious stones and minerals up 21 percent, base metals rising 19 percent and vehicles and transportation equipment exports climbing 16 percent. Imports in the month grew by 3.3 percent

A rebound in global prices of commodities such as gold and platinum, driven by greater demand from China as well as the euro zone, coupled with a volatile currency in the last quarter of the year, have supported exports.

On a cumulative basis, the trade balance between January and November was at a 64.7 billion rand surplus, compared with a 11.22 billion rand shortfall over the same period in 2016.

The Reserve Bank said in November the positive trade account was supportive of the rand and, along with the narrowing current account deficit, would help the economy withstand some of the effects of a recent credit downgrade to subinvestment.

Comments

Tags: RandSouth Africa
Share65Tweet40Share11Share16Send
Previous Post

Zimbabwe to reconsider focus after crushing test defeat

Next Post

Liberia presidential camps offer duelling predictions before first results

Next Post
Liberia presidential camps offer duelling predictions before first results

Liberia presidential camps offer duelling predictions before first results

Please login to join discussion
No Result
View All Result
Currently Playing

SAElections2019 Indelible Ink & Election Fraud

SAElections2019 Indelible Ink & Election Fraud

00:01:40

Why would Mampintsha assault Babes Wodumo?

00:00:40

Alph Lukau “raising the dead” is a fraud

00:01:36

Moozlie Mabena involved in a live video crash

00:00:58

Welkom Hijack Man shot in parking lot

00:01:04

Female theft suspects tries to evade guards at Clear Water Mall

00:01:48

Franchise Driver on duty with sex worker

00:00:47

Courageous female driver attack hjackers on driveway

00:01:33

University of Zululand Student stabbed to death by roommate

00:00:41

Vehicle High Jacking on Cedar road, Midrand

00:01:57

Watch thief steal a Hilux in Bloemfontein

00:01:05

Watch Mosque Shoe snatchers in action

00:00:43

Watch these Unbelievable Shoplifters Caught with the Loot

00:03:13

Journalist attacked by EFF Floyd Shivambu and security details

00:00:43

Attempted cash in transit heist by DSTV office in Randburg

00:00:48

KFM Presenters and the Three Rs Blunder

00:00:59

SAPS Higspeed chase

00:01:08

Ruthless home invaders in westrand

00:01:30

Dj Khomza bashes girlfriend with a spanner

00:01:56

Daybreak Robbery in Auckland Park

00:01:15

Fake Police arrested in Johannesburg

00:01:00

#MduduziManana assault video at Cubana

00:00:29

Racial assault of couple at KFC montana

00:01:22

Smart Porsche driver escapes hijackers in Johannesburg

00:00:49

VW Polo Hijack at Kempton Park filling station

00:02:13

Women caught husband cheating and jumps on Carhood

00:02:02

Carlton Centre, Joburg Heist

00:01:06

Did Malema call Mandela a Sellout ?

00:02:01

Petrol Attendant beat up a man

00:01:01

Car Hijack gone wrong

00:02:15

Armed robbery in Alberton

00:00:52

Mother and son in Polokwane attacked by panga wielding robbers

00:02:04

Hyundai i10 Hijacking in Chatsworth

00:00:59

Check more Videos on Youtube

Connect

Connect
TownPress

Copyright © 2021 Townpress.

Navigate Site

  • Terms and conditions
  • About Us
  • Subscription
  • Contact
  • Account

Follow Us

No Result
View All Result
  • Latest
    • Community
    • Africa
    • International
  • Sport
  • Business
    • Finance
    • Technology
    • Motoring
  • People
    • Opinions
    • Health
  • Politics
  • Media
    • Entertaiment
    • Social Media
    • Media
  • Public Statement

Copyright © 2021 Townpress.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Go to mobile version
This site uses cookies to improve user experience: Find out more.