Sa current account deficit
SA Q3 current account deficit narrows to 3.7% of GDP
The latest deficit was wider than the 3.1% forecast by economists surveyed by Reuters.
It had gained over 0.5% at one point in late afternoon trade and was little changed on the day at 15.30 GMT, fetching 13.6575/dlr.
The Reserve Bank has announced that the country’s current account deficit narrowed to its best levels in 6 years in the last quarter of 2016.
On a month-on-month basis, inflation rose to 1.1% from 0.6% previously.
Exports fell during the quarter, resulting in a trade deficit of 4 billion rand.
The rand has been trading at levels seen before President Jacob Zuma sacked Finance Minister Nhlanhla Nene.
The rand extended losses against the dollar after the current account data, weakening as much as 1.3%.