South Africa’s trade balance swings to 9.47 bln rand surplus in March

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South Africa’s trade balance swung to a 9.47 billion rand ($762 million) surplus in March from a revised deficit of 603 million rand in February, data from the revenue agency showed on Monday.

Exports rose by 9.2 percent to 98.3 billion rand on a month-on-month basis in March, while imports fell 2 percent to 88.8 billion rand, the South African Revenue Service said in a statement.

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