Transactions rise to highest in a year, pointing to economic recovery
The BankservAfrica tracks low-value card, ATM and EFT transactions and can give an overview of economic activity
13 May 2021 - 14:55
Economic transactions recorded their highest and fastest growth in a year in April, signalling an economy recovering from the devastation wrought by Covid-19.
BankservAfrica, which compiled the data, said on Thursday that the economic transaction index rose 25.9% in April, compared with same period a year ago, when the economy came to a virtual standstill because of the government-imposed hard lockdown to control the spread of Covid-19...
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