South Africa posts current account deficit in Q2 as Iran war lifts imports
South Africa recorded a current account deficit in the second quarter after a strong surplus in the first three months of this year. Central bank data showed the Iran war drove import costs sharply higher.
South Africa recorded a current account deficit in the second quarter, reversing a strong surplus in the first three months of this year, central bank data showed on Thursday. Import costs rose sharply as the Iran war drove higher costs.