After a stronger-than-expected first half of the year, economic activity weakened in the final months of 2023 pointing to the impact elevated interest rates, load-shedding and Transnet woes have had on the economy.

The pressure in economic activity is captured in the BankservAfrica economic transactions index (Beti) showing a continued downward trajectory from October’s 130.8 points to 130.4 in November, signalling that the country’s economic hardship continued into the fourth quarter...

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