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South Africa's current account records Q2 deficit as Iran war drives up import costs
South Africa recorded a current account deficit in the second quarter after a strong surplus in the first three months of this year, as the Iran war drove import costs sharply higher, central bank data showed on Thursday. The current account deficit was 2.6% of gross domestic product in the second quarter, compared with a surplus of 2.3% in the first quarter of 2026, the South African Reserve Bank (SARB) said.
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businessday.co.za
South Africa’s current account swings to R205.5bn deficit in second quarter
Trade surplus shrinks as import costs surge on higher fuel prices
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businessday.ng
Oil shock reverses South Africa’s six-month current account surplus - Businessday NG
South Africa’s current account swung into a deficit in the second quarter of 2026 after six months of surplus, as surging oil and petroleum..
