File: The current account deficit widened marginally to 3,5 percent in the third quarter.
JOHANNESBURG - South Africa’s current account deficit has widened by R9.2-billion and now sits at R76-billion in the third quarter of 2018.
Emerging market stocks have come under pressure this year as investors seek higher yields in safe havens.
The current account deficit widened marginally to 3,5 percent in the third quarter from a revised 3,4 percent in the second quarter.
A market analyst said this is going in the wrong direction, as the government’s target is to keep the deficit ratio to GDP at 3 percent.