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The Herald
05-07-2025
- Business
- The Herald
Gold, PGMs and citrus drive R21.7bn trade surplus
Compared to May 2024 both exports and imports dipped. 'On a year-on-year basis, export flows for May 2025 (R175.7bn) were 2.7% lower compared to R180.6bn recorded in May 2024. Import flows were lower by 2.5%, having decreased from R158.1bn in May 2024 to R1541-bn in the current period,' said Sars. On a month-to-month basis, however, there was a positive shift. 'Exports increased by R10.5bn (6.3%) from R165.3bn to R175.7bn between April and May, while imports increased by R1.8bn (1.2%) from R152.3bn to R154.1bn,' said Sars. South Africa's trade with the rest of the world excluding BELN countries reflected a R10bn surplus, with exports of R158.5bn and imports of R148.5bn. Trade with BELN countries alone accounted for R11.7bn of the May surplus. Tourism is also playing a key role in boosting the economy. Speaking at Africa's Travel Indaba in May, tourism minister Patricia de Lille said: 'In the first quarter of 2025, South Africa welcomed close to 2.6-million tourists, reflecting a 5.7% growth compared to the same period in 2024.'
TimesLIVE
04-07-2025
- Business
- TimesLIVE
Gold, PGMs and citrus drive R21.7bn trade surplus
South Africa recorded a preliminary trade surplus of R21.7bn in May, driven by a rise in exports and relatively stable import levels, the South African Revenue Service (Sars) said on Friday. It said key contributors to export growth in May included gold, platinum group metals (PGMs) and citrus fruits, while imports surged due to crude oil, artificial corundum and telecommunication equipment such as smartphones. Sars said the preliminary trade balance surplus of R21.7bn May 2025 was attributable to exports of R175.7bn and imports of R154.1bn, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN). Though the trade balance remains in surplus territory the year-to-date total is slightly lower than the previous year. 'The year-to-date (January 1 to May 31 2025) preliminary trade balance surplus of R60.3bn was lower than the R63.9bn surplus for the comparable period in 2024,' said Sars.
IOL News
01-06-2025
- Business
- IOL News
South Africa posts R14. 1bn trade surplus in April, down from March
South Africa recorded a preliminary trade balance surplus of R14.1 billion in April, the South African Revenue Service (Sars) reported on Friday, a decline from the revised R22.6bn surplus in March. The April surplus was driven by exports of R166.2bn and imports of R152.1bn, including trade with Botswana, Eswatini, Lesotho, and Namibia (BELN). However, the surplus was lower than the R24.8bn recorded in March, reflecting a month-on-month export decline of R4.3bn (-2.5%) and an import increase of R4.3bn (2.9%). Compared to April 2024, exports fell 4.0% from R173.2bn, while imports dropped 4.2% from R158.8bn. The year-to-date trade surplus (January to April 2025) stood at R39.7bn slightly below the R40.6bn surplus for the same period in 2024. Sars attributed the export decline to reduced shipments of grapes, gold, and iron ores and concentrates, while increased imports were driven by original equipment components, aeroplanes, and diamonds. BUSINESS REPORT Visit:
