The Johannesburg Stock Exchange (“JSE”) located at 1 Exchange Square, 2 Gwen Lane, Sandton, Johannesburg, South Africa. The JSE offers secure, efficient primary and secondary capital markets across a diverse range of securities, supported by our post-trade and regulatory services. We are the market of choice for local and international investors looking to gain exposure to the leading capital markets in South Africa and the broader African continent. The JSE is currently ranked the 19th largest stock exchange in the world by market capitalisation and the largest exchange in the African continent. Picture: Nhlanhla Phillips/African News Agency/ANA
JOHANNESBURG - South Africa’s trade surplus widened more than expected to R12billion ($915million) as exports in precious, base metal and vehicle parts jumped, easing pressure on the economy and lifting the currency. 

Africa’s most industrialised country ran a large current account deficit of 4.8percent of GDP in the first quarter, and in the absence of the economic growth that normally draws fixed investments is heavily reliant on more volatile portfolio flows. 

Analysts said the large surplus was a sign that the current account was narrowing, which would lessen the impact of any reversal of portfolio flows. “This is the fourth month in row of surpluses so it will definitely reduce the current account deficit in the second quarter,” said senior economist at Nedbank Isaac Matshego.