More electronic transactions conducted last month indicate more economic activity after a setback during September, confirming conditions improved since a year ago.
According to the BankservAfrica Economic Transactions Index (Beti), which measures the value of all electronic transactions cleared through them, there was a steady recovery in October.
Beti increased to an index level of 136.5 - 0.3% up on the 136.1 recorded in September and an improvement of 4.5% compared to November last year.
After two months of lower volumes, the number of transactions cleared through BankservAfrica in October spiked to 167.8 million, compared to 156.7 million in September, representing a 7.1% growth and an all-time high.
The standardised nominal value of transactions increased by 1% moderately to R1 317 trillion in October, from R1 303 trillion in September.
Shergeran Naidoo, head of stakeholder engagements at BankservAfrica, says Beti signals the underlying momentum in the economy is picking up, reflecting improved economic conditions.
Diese Geschichte stammt aus der November 14, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 14, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Vienna lights up streets for shoppers
MARKETS: SUPPORT FOR STRUGGLING RETAILERS
A front-row seat to the rich tapestry of nature
River cruising offers intimate experience
The song remains the same
It's the message not the medium that's important
Downs intent on hitting hard
If you think Mamelodi Sundowns will take their foot off the pedal should they race to an early lead in the Carling Knockout final against Magesi FC, then you're grossly mistaken.
Clean sweep beckons
STICK: SPRINGBOKS CHASE THE COMPLETE PERFORMANCE AGAINST WALES
Recognising burgeoning talent
AWARDS: FEINBERG-MNGOMEZULU COULD CAP A BREAKTHROUGH YEAR IN MONACO
Deputy Howley backs Gatland to get Wales out of trouble
Under-fire Wales boss Warren Gatland is the \"world's best coach\" and going nowhere, according to assistant Rob Howley (right).
Flyhalf is very 'Sexton-esque'
Sam Prendergast (above) has never been lacking in self-confidence, with his talent evident to many, and today he will get to pull the strings for Ireland at flyhalf in the Test against Fiji.
Scottish success riding on Aussie Test
Huw Jones believes the success of Scotland's November international campaign will be judged on whether they beat a rejuvenated Australia at Murrayfield tomorrow.
French defeat is hard to swallow
ALL BLACKS: SHOWING HEALTHY RESPECT FOR AZZURRI
