South Africa’s current account deficit narrows sharply

South Africa’s current account deficit improved strongly to -3.1% of GDP, up from a revised -4.7% of GDP.

The Money Show’s Bruce Whitfield interviewed George Glynos, Managing Director and Economist at ETM Analytics.

Scroll down for quotes from the audio below.

This is not automatically good news for the rand if the rest of the world is turning against emerging markets.

George Glynos, ETM Analytics

Exports have done all right and we’re importing less.

George Glynos, ETM Analytics

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This article first appeared on 702 : South Africa’s current account deficit narrows sharply


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