• Sars Wars returns

    Allan Greenblo looks at the leadership concerns around the 'Twin Peaks' regulatory model.

  • Inside Labour

    When unions later this year start to demand double digit pay rises, don't be surprised, says Terry Bell.

  • Anti-nuclear group

    ANC general secretary Gwede Mantashe rebukes those who feel SA can't afford nuclear power.

All data is delayed
Loading...
See More

R11bn trade deficit for May - Sars

Jun 28 2013 18:16
Sapa

Cape Town - The SA Revenue Service (Sars) announced on Friday that the trade deficit in May was R11.03bn.

Adrian Lackaÿ, Sars spokesperson, said in a statement: "The R11.03bn deficit for May 2013 can be attributed to exports of R66.48bn and imports of R77.51bn."

Exports increased from April to May by R0.08bn (0.1%), while imports decreased in the same period by R4.8bn (5.8%).

The cumulative deficit for the year stood at R68.71bn, compared to R46.21bn in 2012.

A country has a trade deficit when it imports more goods than it exports.

Lackay said there were fewer imports of machinery, electrical appliances and mineral products.

Exports increased in vehicles, aircraft, vessels, vegetable products, machinery, electrical appliances, prepared foodstuffs, beverages, tobacco, chemical or allied industry products, and pulp of wood, waste and scrap paper.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

sars  |  cape town  |  sa economy  |  trade deficit

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
9 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The regulation of WhatsApp and other OTTs is:

Previous results · Suggest a vote

Loading...