South Africa's current account deficit narrows, capital outflows still a risk

By Mfuneko Toyana PRETORIA (Reuters) - South Africa's current account deficit narrowed in the final quarter of 2014, although the economy and the rand remain vulnerable to shocks caused by capital outflows, the central bank said. The South African Reserve Bank, in its quarterly bulletin released on Tuesday, said rising exports helped shrink the current account deficit to 5.1 percent of gross domestic product in the fourth quarter of last year, from a revised 5.8 percent in the third quarter