Impact of Covid-19: Exports plunged 55% in 1 Month – South Africa’s trade balance swings to $2 billion (R35bn) deficit in April
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[Nice, to see black ruled South Africa taking a beating during this stupid lockdown. Notice South Africa is an IMPORTING nation. This means our manufacturing base is smashed. We are dependent on imports. This is a huge problem. Jan]
South Africa’s trade balance recorded a deficit of R35.02 billion ($2.01 billion) in April from a revised surplus of R23.94 billion in March, data from the revenue service showed on Friday.
Exports fell 55.1% on a month-on-month basis to R53.02 billion, while imports were down 6.5% to R88.03 billion, the South African Revenue Service said.
Africa’s most industrialised economy has been under lockdown since the end of March to curb the spread of the novel coronavirus — one of the world’s strictest COVID-19 lockdowns.
The government has allowed the re-opening of some sectors of the economy, but South African borders remain closed except for the transportation of goods, repatriation of South Africans and evacuation of foreign nationals.
Die Beginsels van Die Boere Staat Party
Hier kan jy hul beginsels lees. Daar is ook a kort video van hul leier Coen Vermaak waar hy praat oor hul beginsels