Bloomberg reported South Africa’s trade deficit grew unexpectedly in April on decreased export of precious metals, like platinum.
As quoted in the market news:
Impala Platinum Holdings Ltd. (IMP), the world’s second-largest platinum producer, on May 29 said output of the metal fell 46 percent because of a six-week strike. Last month’s decline in exports may widen the deficit in the current-account, the broadest measure of trade of goods and services, weakening the rand.
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