SA’s current account surplus is little to celebrate
south Africa recorded its first current account surplus in 17 years in the first quarter of 2020 because of a trade surplus of around R208bn. Essentially, a trade surplus shows the difference between imports and exports. A surplus indicates that a country is exporting more than it is importing, or earning more than it is spending.
Economic theory posits that a weakening currency can eventually lead to a higher level of exports, given that these exports are relatively cheap for foreigners with
