South Africa Current Account

ZAR
Actual
342.8B
Forecast
305.1B
Previous
261.2B
Latest Release
Sep 09, 2021
Importance
Overview
Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Current account records the values of the following: - trade balance, export and imports of goods and services - income payments and expenditure,interest, dividends, salaries - unilateral transfers, aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows strengths and weaknesses in a country's economy and theref helps to achieve balanced economic growth.
Historical Data
Release Date
Time
Actual
Forecast
Previous
Sep 09, 2021 (Q2) 11:00 342.8B 305.1B
261.2B
Jun 10, 2021 (Q1) 11:00 267.3B 182.1B
197.8B
Mar 11, 2021 (Q4) 11:00 197.8B 156.5B
294.4B
Dec 10, 2020 (Q3) 11:00 297.5B -36.5B
-123.7B
Sep 10, 2020 (Q2) 11:00 -103.6B -36.5B
63.4B
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South African Current Account News & Analysis
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    Flash Note 2Q21 Current Account

    The current account surplus widened to a record R343 billionThe current account, seasonally adjusted and annualised, recorded a record surplus of R343 billion in 2Q21, up from R261 billion...

    • First National Bank
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    Windfall!

    THE RANDThe current account surplus on the Balance of Payments in the second quarter came in at R343bn – considerably higher than the first quarter’s substantial surplus of...

    • Katherine Barber
  • © Reuters sizes=

    Rand Roars Stronger...is R14/$ Next?

    What a week for the Rand, with another rollicking performance against the Dollar, Euro and Pound.As a wide range of global events took hold of the headlines, the local unit just quietly...

    • Dynamic Outcomes Rand Forecast
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    Preliminary GDP for 2Q21: Material Forecast Risk

    On Tuesday Stats SA will release revised GDP estimates for 1Q21 and preliminary GDP estimates for 2Q21. This follows last week’s publication of the benchmarked and rebased GDP figures, in...

    • First National Bank
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