This was said by independent economist, Elize Kruger, during the release of the BankservAfrica Economic Transactions Index (BETI) yesterday. The BETI recovered further to an index level of 136.2 ...

BankservAfrica yesterday announced the South African Rerserve Bank’s intention to acquire 50% of the company in an initiative with commercial banks to transform South Africa’s digital payments ...

Despite the positive outlook for South Africa’s economy this year, early data shows that the reality is not as sweet as many ...

Although consumers are still battling to make ends meet, they were not shy to spend their hard-earned money over December.

The BankservAfrica Economic Transactions Index (BETI), which tracks the value of all electronic transactions cleared through BankservAfrica at seasonally adjusted real prices, saw a slight rebound in ...

People in formal employment had on average R1 835 more in their take-home pay packets at the end of 2024 than they had at the end of 2023.

“The continued year-on-year seasonal uptick highlights the December holidays as a significant contributor to the economy,” said Solly Bellingan, Head of Marketing at BankservAfrica.

According to the latest data from BankservAfrica, the December 2024 holidays lived up to its reputation as a peak shopping month, with spending showing healthy signs of growth. Photo by Sora ...