Today's Big Stories

SA's imports exceed exports - economist

In what seems to be a free-fall, the Rand reached a new record low to the dollar - at around R14.48 on Monday.

The Rand tumbled after the revenue agency reported a wider-than-expected trade deficit in October, while comments by the South African Reserve Bank citing the weaker currency as a key contributor to inflation, as well as a major risk to the CPI forecast also weighed.

Stephen Grootes on Tuesday spoke to an economist from Nedbank, Isaac Mangena, on the reasons behind this low trade.

We are spending more buying goods from other parts of the world than the world is buying from us. We need to boost exports but to do that we need to increase production in SA.

Isaac Matshego, Economist at Nedbank

Listen to the conversation below:


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