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SA's trade gap shrinks to R7.71bn

Johannesburg - South Africa's trade deficit narrowed to R7.71bn in June from R11.03bn in May, the South African Revenue Service said on Wednesday.

Exports in June rose 3.4% from a month before to R2.24bn, while imports fell 2.0% to R1.58bn.

Economists had expected a bigger shortfall of R9.1bn in the trade account.

The cumulative deficit for the year now stands at R75.94bn, compared with R51.58bn in 2012.

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