Economy

BETI signals the SA economy moderated somewhat in June 2022

After a strong reading in May 2022, the BankservAfrica Economic Transactions Index (BETI) moderated somewhat to 5.3% in June 2022 compared to a year ago (vs a revised 9.4% in May). On a monthly basis, the BETI declined by a notable 4.4%, which could be an early indication of further and impending strain on the economy.

SARB to hike the repo rate by 50bps: Finder’s Repo Rate Forecast Report

A double whammy for agriculture as fuel prices escalate and the interest rate outlook worsens

The unrelenting crisis on global crude oil trade with ongoing Russia-Ukraine war, production challenges in Libya due to the unrest, the rebound in Chinese demand following the lifting of Covid-19 restriction measures, as well as OPEC’s failure to meet its agreed supply quota all contributed to an increase of 77 US cents in prices to US$115.77 since the May update.

South Africa Economic Outlook