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Definition

This is an element of the balance of payments (BOP) toegther with the capital account. It shows a country's trade in goods and services with other countries. It shows the value of the country's exports minus its imports - which results in either a surplus or a deficit. The quarterly current account balance for South Africa can be seen at: <a href="https://tradingeconomics.com/south-africa/current-account">https://tradingeconomics.com/south-africa/current-account</a>. A continuous current account deficit has to be financed by an inflow of capital on the capital account. In the first quarter of 2020 the current account had a surplus of R69,7bn - but this was the first month it had been in surplus for some time.

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