Pretoria – South Africa’s current account deficit widened to 6.4% of gross domestic product, its biggest since 2008, said the Reserve Bank.
Account Deficit
“With South Africa’s terms of trade also registering a modest further deterioration, the deficit on the current account of the balance of payments widened to 6.4% of gross domestic product, the highest deficit ratio since the third quarter of 2008,” said the Reserve Bank in its September Quarterly Bulletin released on Tuesday. [Read more…]
