Economic activity shrinks for fourth month as power crisis bites deeper
BankservAfrica economic transactions index has declined further as severe load-shedding and global economic challenges take their toll
12 October 2022 - 13:55
UPDATED 12 October 2022 - 23:25
Economic activity fell for a fourth consecutive month, reflecting dire conditions in the SA economy as rolling blackouts take their toll on all spheres of the economy, businesses and households, a survey showed on Wednesday.
The BankservAfrica economic transactions index (Beti) declined further in September, contracting 0.4% compared with 2% in August, as the local economy buckled under the pressure of severe load-shedding and global challenges...
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