SA records a R430m trade surplus for April

Johannesburg – South Africa recorded a second consecutive trade surplus in April even as exports of precious metals and stones and other mineral products fell.

The surplus narrowed to R430 million from a revised R2 billion in March, the SA Revenue Service (Sars) said yesterday. The cumulative deficit for this year is R18.7bn, 42 percent less than the R32bn shortfall in the first four months of last year.