Beti Records Increase In Economic Transactions

BankservAfrica's Economic Transactions Index BETI has recorded an increase in economic transactions in March.

This comes despite tough economic conditions including an intensifying global trade war.

The BETI measures the value of all electronic transactions cleared through BankservAfrica on a monthly basis at seasonally adjusted real prices.

It showed a slight recovery in March, reaching a 137.01 index points, a 0.3 increase on Februarys level of 136.06 points.

Economist Elize Kruger has warned that the ongoing global uncertainty and weak local growth may slow down economic activity with little indication of a sustained turnaround.