FX.co ★ South Africa's Trade Balance Swings to Surplus in February 2024

South Africa experienced a significant turnaround in its trade balance in February 2024, as the previous deficit of -9.44 billion reached in January 2024 shifted to a surplus of 14.04 billion. This substantial improvement indicates a positive change in the country's trade dynamics within just one month. The latest data, updated on 28th March 2024, reveals the remarkable progress in South Africa's trade performance, highlighting the potential for economic growth and stability in the region. This unexpected shift in the trade balance is likely to have a notable impact on the country's economic outlook and could potentially attract investor interest and confidence in South Africa's markets.