After months of stagnation and uncertainty, South Africa's economic landscape has witnessed a notable shift in the BankservAfrica Economic Transactions Index (BETI).
The index, which measures the value of electronic transactions processed through BankservAfrica on a monthly basis at seasonally adjusted real prices, rebounded to an index level of 138.3 in May, a rise from 136.2 recorded in April.
This marked a welcome break from an eight-month trend of inactivity, sparking hope for sustained economic recovery. According to Shergeran Naidoo, BankservAfrica’s head of stakeholder engagements, this improvement could signify a turning point.
“The BETI improved to an index level of 138.3 in May, up from the 136.2 recorded in April, breaking an eight-month trend of sideways movement,” Naidoo said.
However, experts urged caution, emphasising that while this uptick was encouraging,…