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Concern about economy despite some resilience

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(iStock)
(iStock)

Cape Town - The SA economy is still shrinking, but less so than in September in terms of quarterly changes and despite a month-on-month upturn.

This is according to the latest BankservAfrica Economic Transaction Index (Beti) released on Wednesday. It measures South African payment system transactions, smaller than R5m, giving a broad picture of the current South African economy.

October saw a higher number of payment system transactions under R5m than those recorded in September, indicating that the decline in previous months has been slightly arrested.

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