South Africa recorded its first current account surplus in more than two years in the final quarter of 2025, helped by rising precious metal prices, central bank data showed on Thursday.
The current account switched to a surplus of 0.6% of GDP in the fourth quarter from a deficit of 0.9% in the third quarter, the South African Reserve Bank (SARB) said.
The surplus on the current account was R50.2-billion in October to December, compared with a deficit of R72-billion in the previous three-month period.
South Africa last recorded a current account surplus in the third quarter of 2023.
The trade surplus widened to R282.2-billion in the fourth quarter from R169-billion in the third quarter, boosted by higher prices for exports like gold, the SARB said.
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