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Modest growth still supporting SA economy - index

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Johannesburg - Modest growth is still supporting the South African economy, with some decline seen in occasional months, according to the March 2016 BankservAfrica Economic Transaction Index (Beti).

The actual underlying trend is for growth of less than 1% in the first quarter of 2016 despite the extra leap year day in February. The drought and the lower commodity prices are affecting the economy, although the impact is likely to deepen as many of these effects have yet to reflect on growth.

The Beti measures South African interbank payment system transactions smaller than R5m, giving a broad indication of the current SA economy.

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