What effect will a change in the export flows, as described in news extract 2, have...

 

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What effect will a change in the export flows, as described in news extract 2, have on the foreign exchange market for US dollars in South Africa, ceteris paribus? Include a diagram in your answer. News extract 2 Despite decreased load shedding and improved sentiment amongst South African manufacturers, South Africa recorded a trade balance deficit of R3.5 billion in June 2023. The South African Revenue Service (SARS) said that the deficit was due to exports of R167.6 billion and imports of R171.1 billion - including trade with Botswana, Eswatini, Lesotho and Namibia (BELN). Export flows declined by 8.3% from R182.9 billion in June 2022 to R167.6 billion in June 2023. Moreover, import flows jumped 6.5% from R160.7 billion in June 2022 to R171.1 billion in June 2023. On a month-to-month basis, exports dropped by 8.6% from R183.4 billion in May to R167.6 billion in June. Imports declined by 1.6% from R173.9 billion in May to R171.1 billion in June. For the full article, visit https://businesstech.co.za/news/finance/708080/two-growing-holes-in-south-africas-economy-to-keep-an- eye-on/ [Accessed on 10 October 2023] he d fl im mo ed 10 OV fri 2 LIC 0 3,1 nc ne What effect will a change in the export flows, as described in news extract 2, have on the foreign exchange market for US dollars in South Africa, ceteris paribus? Include a diagram in your answer. News extract 2 Despite decreased load shedding and improved sentiment amongst South African manufacturers, South Africa recorded a trade balance deficit of R3.5 billion in June 2023. The South African Revenue Service (SARS) said that the deficit was due to exports of R167.6 billion and imports of R171.1 billion - including trade with Botswana, Eswatini, Lesotho and Namibia (BELN). Export flows declined by 8.3% from R182.9 billion in June 2022 to R167.6 billion in June 2023. Moreover, import flows jumped 6.5% from R160.7 billion in June 2022 to R171.1 billion in June 2023. On a month-to-month basis, exports dropped by 8.6% from R183.4 billion in May to R167.6 billion in June. Imports declined by 1.6% from R173.9 billion in May to R171.1 billion in June. For the full article, visit https://businesstech.co.za/news/finance/708080/two-growing-holes-in-south-africas-economy-to-keep-an- eye-on/ [Accessed on 10 October 2023] he d fl im mo ed 10 OV fri 2 LIC 0 3,1 nc ne

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A decrease in export flows as described in News Extract 2 is likely to have an impact on the foreign ... View the full answer