South Africa’s current account switched to a deficit of R205.5bn in the second quarter of 2026 after recording a downwardly revised surplus of R181.6bn during the first quarter, the South African Reserve Bank said on Thursday.
As a ratio of GDP, the current account balance swung to a shortfall of 2.6% in the second quarter from a surplus of 2.3% in the first.
The current account is a key component of the country’s balance of payments, showing the net flow of income, goods, services and transfers such as aid between residents and non-residents.
It comprises the trade balance — the net total of the export and import of goods and services — and the primary income, which is the difference…
Kruger National Park: One of the largest game reserves in Africa, Kruger National
Park covers over 19,000 square kilometers and is home to the Big Five: lions, leopards, rhinoceroses, elephants, and buffaloes.
High Deck
Van is hitch-hiking and he gets picked up by a larnie in a merc. After travelling awhile and making small talk, Van asks the larnie what the 3-pointed star on the bonnet is for. The larnie decides to have some fun with Van.
\”Oh, that\’s the sights, you know, for aiming. When I see someone on the side of the road and I want to run him over, I just line him up in the sights.\”
X-Dew
Fun South African Fact: The meandering 850km road through Cape Winelands is the world’s longest wine route.