A trader retrievesa receipt from an EBM. The amended law reinforces ministerial powers to fine taxpayers who circumvent using electronic billing machines to avoid paying taxes. (File)

This figure includes trade data with Botswana, Lesotho, Namibia and Swaziland (BLNS), the South African Revenue Service (SARS) said.

A trader retrievesa receipt from an EBM. The amended law reinforces ministerial powers to fine taxpayers who circumvent using electronic billing machines to avoid paying taxes. (File)The surplus for November is due to exports of 94.66 billion rand (about 6.23 billion dollars) and imports of 92.89 billion rand (about 6.11 billion dollars).

Exports increased from October to November by 8.86 billion rand (about 583 million dollars), an increase of 10.3 percent, and imports decreased from October 2015 to November 2015 by 14.51 billion rand (about 955 million dollars), a drop of 13.5 percent.

The surplus is an improvement on the deficit recorded in November 2014 of 5.34 billion rand (about 351 million dollars), SARS said.

Exports of 94.66 billion rand are 12.6 percent more than the exports recorded in November 2014 of 84.08 billion rand (about 553 million dollars). Imports of 92.89 billion rand (about 6.11 billion dollars) are 3.9 percent more than the imports recorded in November 2014 of 89.42 billion rand (about 5.88 billion dollars).

Trade highlights for SARS include an increase of 51.7 percent in the export of precious metals and stones between October 2015 and November 2015 and an increase of 16.3 percent in the export of vehicle and transport equipment over the same period. The import of vegetable products declined by 45.8 percent month-on-month and that of equipment components by 45.1 percent. Enditem

Source: Xinhua

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