Search

South Africa’s Trade Surplus Climbs to R17.6 Billion in July Amid Export Growth

  • South Africa’s trade surplus reached R17.6 billion ($956.9 million) in July, bolstered by rising exports of key commodities
  • Eskom’s 156-day streak without loadshedding boosts business confidence, supporting economic resilience

Johannesburg, South Africa – South Africa recorded a strong trade surplus of R17.6 billion ($956.9 million) in July 2024, as exports climbed to R175.0 billion ($9.52 billion) against imports of R157.4 billion ($8.56 billion), according to data release from the South African Revenue Service (SARS).

Recent Business

Central Bank of Egypt and Afreximbank sign MoU for the establishment of a Gold Bank Programme in Egypt. Photo @ Afreximbank
Africa moves to reclaim gold value chains with pan-African Gold Bank plan
Read More »
Power line or electricity line grids Photo by Fré Sonneveld @ Unsplash
Nigeria billionaire Femi Otedola exits Geregu Power in surprise $750mn deal
Read More »
Dr Cassiel Ato Forson, Ghana's Minister of Finance. Photo @ Ghana Parliament/Facebook
Ghana repays $709mn Eurobond obligation ahead of deadline
Read More »

Recent Politics

don-jackson-wyatt-sbhubyl7lWI-unsplash
US launches deadly airstrikes against terrorist groups in Nigeria
Read More »
African election. Photo by Mikhail Nilov @ Pexels
East Africa’s electoral bodies face credibility test over disputed polls
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin court backs constitutional overhaul, extending terms after coup scare
Read More »

Latest Posts

Latest news insights