“The BETI increased by a significant 9.9% in May 2022 compared to a year ago to reach the highest level since August 2021,” said Shergeran Naidoo, BankservAfrica’s head of stakeholder engagements.
Following revisions to the seasonal factors, the actual index level reached an all-time high at 143.5. The strong number was unexpected in light of the many headwinds that surfaced in the local economy over recent weeks. The S&P Global South Africa PMI, which reflects activity in the broader economy, also recovered marginally in May, from 50.3 in April to 50.7, while new car sales rose by 13.8% y/y in May 2022. By the end of May, the total new vehicle sales in SA stood at 212 537 units, 12.2% higher than a year ago.
According to Naidoo, the standardised nominal value of transactions reached an all-time high of R1.229 trillion in May 2022. The number of transactions remained elevated at 132.9 million, the third-highest number yet recorded in a month and 15.7% higher than a year ago.
Are you implying that RamaDollar is actualy doing a good job? Shut it up.
We're not gonna be threatened through yr ramaphosa nonsense, he's a thug like all anc apartheid agents.
All you publish is bullsh!t
africaupdates Which South Africa?🤨
Tell that to masses of under or unemployed in SA. Tell that to those living below the poverty line and bread line. Tell that to those in KZN Free state and rural municipal areas Sandton ,Pretoria and cape town are not the economy .