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South Africa’s Current Account Deficit Narrows Slightly

South Africa’s current-account deficit narrowed slightly in the first quarter, beating expectations for it to widen.

The gap on the current account – the broadest measure of trade in goods and services – edged down to 35.6 billion rand ($2 billion) in the three months through March from a revised 39.3 billion rand in the previous period, data released Thursday by the central bank showed.