SA's current account deficit widens by R9,2bn

File: The current account deficit widened marginally to 3,5 percent in the third quarter. 

File: The current account deficit widened marginally to 3,5 percent in the third quarter. 

Food and non-alcoholic beverages contributed 0.1 of a percentage point in October and transport up by 0.9% month-on-month.

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.

READ: SA's current account deficit widens 

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.

Emerging market stocks have come under pressure this year, as investors seek higher yields in safe places. Courtesy #DStv403