Mar 10, 2021
The lifting of lockdown restrictions in February 2021 gave the South African economy a much-needed boost after the dismal performance in January 2021, according to the latest BankservAfrica Economic Transaction Index (BETI).
“Economic transactions in February increased by 2.2% from January. This is the highest monthly increase since 2014 and 2012,” says Shergeran Naidoo, BankservAfrica’s head of stakeholder engagements. “This is a clear indication that the economy has performed better than expected when the restrictions were eased. It is also consistent with the BETI view that when this happens, there is greater certainty, more confidence and a growth in spending.”
The stronger month also showed improvements on an annual and quarterly basis.