Interbank payments point to bleak prospects for third quarter
Economy continues to ‘muddle along’ amid load-shedding, water shortages and infrastructure inefficiencies
11 October 2023 - 18:00
Economic activity remained weak in September, indicating bleak prospects for growth in the third quarter as SA continues to face a multitude of challenges, according an index measuring interbank payments.
The BankservAfrica Economic Transactions Index released on Wednesday fell 2% a quarterly basis confirming a drop in economy activity amid persistent load-shedding and water supply issues, along with a steep deterioration in rail services and ongoing port inefficiencies. ..
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