Higher commodity prices are expected to have boosted the trade surplus in 2021
SA’s trade balance is likely to have eased in December after countries rushed to close their borders to prevent the spread of the Omicron coronavirus variant, curbing activity in export markets.
SA was at the centre of world attention when its scientists identified Omicron late in November, prompting countries such as the UK to reimpose temporary travel restrictions, which stifled SA’s festive season...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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