South Africas trade deficit with its Brics partners has ballooned significantly since it joined the bloc in 2010, highlighting the need for deeper economic integration amid global trade turbulence.
This is according to Citrus Growers Association of Southern Africa CGA chief executive Dr Boitshoko Ntshabele, who highlighted the trend in his latest newsletter on Friday.
Ntshabele said South Africa had entered Brics with a trade deficit of R66 billion, which had worsened to R250bn by 2024 based on trade reports. He said the country was going backwards in terms of the deficit, saying the latest figure should concern all stakeholders.
