TITLE

Aircraft Imports Drive Up Trade Deficit

PUB. DATE
June 2005
SOURCE
Africa Monitor: Southern Africa;Jun2005, Vol. 10 Issue 6, p5
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The article informs about the trade deficit suffered by the South African economy recently. The strength of the national currency Rand continues to affect the trade balance, with the state's traditional surplus falling to deficit for the 12th consecutive month in March, 2005. However, while disappointing, the headline figures mask the fact that imports have been buoyed by a series of one-off investments most notably 2.2bn Rands of new aircraft for South African Airways in March. Consequently, while Rand strength alongside buoyant, though possibly weakening, domestic demand will result in another trade and current account deficit in 2005.
ACCESSION #
17089068

 

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