Cur­rent ac­count deficit shrinks

Finweek English Edition - - ECONOMICTRENDS -

SOUTH AFRICA’S cur­rent ac­count deficit shrank markedly in fourth quar­ter 2010 – some­thing re­garded as pos­i­tive for the rand. The cur­rent ac­count is the trade bal­ance less net pay­ments for “in­vis­i­bles” – such as in­come, div­i­dends, in­ter­est, freight and in­surance. Its shrink­age is largely the re­sult of a big trade sur­plus but also re­flects lower net pay­ments for “in­vis­i­bles”. SA is less de­pen­dent on for­eign cap­i­tal in­flows.

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