The monthly BankservAfrica Economic Transactions Index (BETI), a fast indicator of underlying economic trends in the South African economy, tracked lower levels in August, mirroring the challenging economic environment.
Average salaries in July have taken a knock due to soaring inflation, however, early indications and data from the monthly BankservAfrica Take-Home Pay Index (BTPI) offer some good news for South Africans.
Recent BankservAfrica data shows a moderate increase in how much South Africans take home each month amid record high inflation.
The BankservAfrica Economic Transactions Index (BETI) declined for the second consecutive month in July 2022, signaling further strain in the broader South African economy.
The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows that food prices continued to climb in July.
South Africans are taking home less each month, while the cost of fundamentals like food, fuel and electricity keep climbing.
Rocketing inflation rates are taking a toll on the average salaried worker, data contained in the latest monthly BankservAfrica Take-home Pay Index (BTPI) shows.
The BankservAfrica Economic Transactions Index (BETI), a fast indicator of underlying economic trends in the South African economy, slowed somewhat in June following a strong reading a month earlier in May.
Take-home pay in South Africa fell by 6.7% in May 2022, new data from BankservAfrica shows.
South Africa’s economic activity slowed down in April 2022, but it is still showing growth, according to the insights from the latest monthly data in the BankservAfrica Economic Transactions Index (BETI).
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