JOHANNESBURG - A slew of positive data is good news for the South African economy.
South Africa’s current account surplus has hit R190-billion for the first quarter of the year, it's best level in five years.
The current account is a broad measure of the money leaving South Africa versus the money entering and a surplus usually means South Africa is exporting more than it's importing.
The trade surplus, which focused on the extent of which exports outpaced imports, doubled to R438 billion.
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Exports of vehicles and iron and chromium ore were higher, although gold dropped.
Meanwhile, a measure of Business Confidence released by the SA Chamber of Commerce and Industry rose by half a percent in May from a seven-month low in April.
Better vehicle sales and exports lifted confidence.
Although SACCI is still concerned about inflation due to the oil supply shock.