Foreign trade and payments  South Africa’s surplus on the current account of the balance of payments widened from R2,5 billion in the fourth quarter of 2000 to R6,9 billion or 0,7 per cent of GDP in the first quarter of 2001. This was mainly because of the slight improvement in the trade surplus and a more substantial improvement in the services account.
In my opinion, such fears are groundless.11  The criticism leveled by "big rock theory" proponents seems to have converged on the dangers associated with the exit from monetary easing.