South Africa Q3 current account deficit narrows to 3.7% of GDP

PRETORIA – South Africa’s current account deficit narrowed to 3.7% of gross domestic product (GDP) in the third quarter, from 4.1% in the second three months of the year, central bank data showed on Thursday.

The latest deficit was wider than the 3.1% forecast by economists surveyed by Reuters.

The trade balance swung to a surplus of 41.1 billion rand ($2.8 billion) in the third quarter, from a deficit of 31.8 billion rand in the previous three months. – Reuters Africa

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