SA economy: Bank transactions show economic recovery


Johannesburg – South Africa’s economic activity slowed down in April, but is still showing growth according to the latest monthly data in the BankservAfrica Economic Transactions Index.

The BETI increased by a steady 4.5% compared with a year ago, to reach the actual level of 136.1.

It says the standardised nominal value of transactions processed last month reached R1.147 trillion.

Bankserve says even though the data suggests that the second quarter of 2022 is off to a steady start, there are several headwinds looming which could potentially derail the economic momentum.

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