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Warning of further decline in SA economy

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Cape Town - The latest BankservAfrica Economic Transaction Index (Beti), which is usually a good barometer of growth trends within the economy, suggests a further decline in the South African economy.

The Beti a measure of all South African interbank transactions under R5m – shrank significantly in October on a monthly and quarterly basis, according to BankservAfrica’s latest Economic Transaction Index (Beti).

“The month also reflected the most negative quarterly comparison for the Beti, declining by 1% on the quarter from July. The quarterly comparison has been in decline for six months in a row,” said Dr Caroline Belrose, head of fraud and data analytics at BankservAfrica.

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