The Conversation (0)
Bloomberg reported South Africa’s trade deficit grew unexpectedly in April on decreased export of precious metals, like platinum.
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.