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South Africa posts largest current-account surplus since 2022
South Africa posts largest current-account surplus since 2022 South Africa posted its largest current-account surplus in four years in the first quarter as the value of gold exports surged and imports dropped. The balance on the current account — the broadest measure of trade in goods and services — widened to a surplus of 2.4% of gross domestic product, or R190.7-billion, from 0.6% in the previous quarter, the South African Reserve Bank said in a report on Thursday. That beat the median estimate of nine economists surveyed by Bloomberg, who forecast a positive balance of 1.1% of GDP. The…
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