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Aluma Capital (Pty) Ltd is a registered Financial Services Provider (FSP 46449) in terms of The Financial Advisory and Intermediary Services Act (37 of 2002)
September 4, 2024
September 4, 2024

International Trade and Trade Balance

International trade measures South Africa’s demand for foreign goods and services against the demand for domestically manufactured products internationally.

The country primarily exports raw materials, including base metals, gold, precious metals, and mineral products, while importing finished (value-added) goods such as vehicles, chemical products, and machinery.

Recently, South Africa recorded a trade balance surplus of R17.6 billion, indicating that exports exceed imports. In July, imports decreased from June in Rand value, suggesting subdued demand for imports. Conversely, exports increased both monthly and annually in terms of growth and Rand value. This trend indicates that South Africa’s economy is slowly recovering, bolstered by early signs of cautious confidence and fewer electricity supply shortages. Additionally, a 9.6% growth in machinery and equipment supports the outlook for continued economic growth, while advancements in the mining sector further enhance this positive sentiment.


Frederick Mitchell

Frederick Mitchell is an economist with 16 years of experience, specializing in the intersection of politics, economics, and finance on both domestic and international levels.

His extensive background spans the private sector, where he worked in equity and investment, as well as the public sector, where he served as a senior economist at SARS.

As part of the Aluma team, Frederick leverages his expertise to identify sectors with growth potential and assess those with higher risk, providing valuable insights and strategic advice.


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