South Africa records its fifth consecutive current account surplus in Q3

SOUTH AFRICA - Report 09 Dec 2021 by Iraj Abedian

Current account data released by the South African Reserve Bank (SARB) today indicates that, in the third quarter of 2021, South Africa’s current account registered its fifth consecutive surplus since the third quarter of 2020. The surplus however narrowed from R311 billion in the second quarter of 2021 to R226 billion in the third quarter. Relative to GDP, the current account surplus narrowed from 5.1% in the second quarter to 3.6% in the third quarter.

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