Fresh September data show a bumper month for exports. Germany overtakes USA as RSA’s second largest export destination. As predicted, BRICS+ integration rising – 32 RSA companies are currently in Shanghai at the 8th China International Import Expo (CIIE).
Fresh exports data show September to have been a record month, with RSA’s trade patterns showing gradual alterations in the wake of the USA’s tariff wars. Trade RSA’s trade surplus hit a 2.5 year high of ZAR21.75Bn (USD1.26Bn), beating this year’s previous high in March, with the month’s total exports reaching ZAR186.4 (USD10.76Bn) and imports falling 2% to ZAR164.6Bn (USD9.5Bn). September’s exports were 9.4% larger than August’s, led by a 34% growth in exports of precious metals and stones, an 8% increase in both mineral products and base metals, and a 7% growth in vehicular exports. Although exports to African nations and Europe fell by 2.9% and 1.3% respectively, Americas-bound goods exports surged by 28.9%, Asia-bound by 19.5%, a...
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