South Africa Posts 1st Current Account Surplus Since 2023

EthereumCraftsman · 2026-03-12T09:25:18+00:00

South Africa reported a current account surplus of ZAR 50.2 billion in Q4 2025, reversing a deficit from the previous quarter, driven by increased exports and reduced imports. The annual deficit also decreased, reflecting improved economic performance.

EthereumCraftsman

2026-03-12 09:25:18

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South Africa posted a current account surplus of ZAR 50.2 billion in Q4 2025, compared to a revised deficit of ZAR 72 billion in the previous period. This marks the first surplus since Q3 2023 and the largest since Q1 2022, as the trade surplus widened sharply to ZAR 282.2 billion from ZAR 169 billion in Q3 on stronger exports and weaker imports. Meanwhile, the deficit on the services, income and current transfer account narrowed from to ZAR 232.1 billion from ZAR 241 billion in the previous quarter. Similarly, the current account balance shifted to a surplus of 0.6% of GDP in Q4 2025 from a 0.9% deficit in Q3. For the full year, the deficit shrank to ZAR 35.2 billion (0.5% of GDP) in 2025 from ZAR 48.0 billion (0.7% of GDP) in 2024.

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