Cape Town - South Africa's current account deficit narrowed slightly to 2.3% of GDP in the third quarter, as an increase in agricultural exports was offset by declines in sales of mining and manufactured goods.
TreasuryOne said in a snap note that the rand firmed to R13.44 against the dollar on the news
The SA Reserve Bank announced in its Quarterly Bulletin on Thursday that growth in SA's real gross domestic product (GDP) slowed to an annualised rate of 2.0% in the third quarter of 2017, the first time since 2014 that real GDP has expanded at a rate of 2.0% or more for two consecutive quarters.
It ascribed the moderation in the third quarter of 2017 to a deceleration in real output growth of the tertiary sector, while economic activity expanded at a slightly faster pace in both the primary and secondary sectors.
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