INTERBANK TRANSACTIONS: Rise in BETI in May points to unexpected green shoots in South Africa’s economy

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INTERBANK TRANSACTIONS: Rise in BETI in May points to unexpected green shoots in South Africa’s economy
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The BankservAfrica Economic Transactions Index rose almost 10% in May, suggesting that South Africa’s economy this quarter may be faring better than expected.

is a measurement of economic transactions between South Africa’s banks calculated by Economists.co.za.

To wit, the BETI bounced 9.9% in May, reaching an all-time high based on revisions to seasonal factors.

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