Uptick in December economic activity, but better 2024 unlikely – BankservAfrica

Payments infrastructure and services company BankservAfrica's Economic Transactions Index (BETI) improved to 133 in December, owing to less loadshedding and fuel price cuts during the month. On a year-on-year basis, the BETI was 0.6% higher in December. The standardised nominal value of transactions cleared through BankservAfrica in December increased to R1.39-trillion from R1.27-trillion in November. The number of transactions also increased to an all-time high of 163.1-million compared with the prior month’s 158.5-million.