SA records R8bn trade surplus for December

IOL Sars_office_598 INDEPENDENT MEDIA File picture: Ziphozonke Lushaba

Johannesburg – The South African Revenue Service (SARS) on Friday released trade statistics for December 2015 which show that South Africa recorded a trade surplus of R8.22 billion.

This figure includes trade data with some SADC countries, including Botswana, Lesotho, Namibia and Swaziland.

In a statement on Friday, SARS said the R8,22 billion surplus for December 2015 was due to exports of R88,77 billion and imports of R80 55 billion.

Key areas of exports that contributed to this surplus month-on-month are: vehicle and transport equipment (27,6 percent), machinery and electronics (14.4 percent), precious metals and stones (4,9 percent) mineral products (1,3 percent) and vegetable products (49,6 percent).

The R8,22 billion surplus is a 4,4 percent increase on the surplus recorded in December 2014 of R7,88 billion, SARS said in a statement attribited to its spokesman Sandile Memela.

African News Agency

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