IMPORTANT: Index shows South Africa’s economy is shrinking – My Comments
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[Nice. Let this anti-White country sink. Jan]The BankservAfrica Economic Transactions Index (BETI) slumped in November, pointing to another month of sluggish economic activity in a slowing South African economy.
The recorded economic transactions, measured by the automated clearinghouse, decreased from 127.3 to 125 points in November, the lowest level since February 2021. There was a 1.7%
quarterly decline while the seasonally adjusted real monthly change for the value of transactions shrank by 1.8%.
“With four of the last six months recording monthly real declines on a seasonally adjusted basis, and with one month recording no change, the current South African economy seems to be declining again,” said Mike Schüssler, chief economist at Economists.co.za.
“At 125, the BETI Index for November 2021 was a 2.3 point fall from October 2021 – and a further 6.2 point decline from September 2021,” said Shergeran Naidoo, BankservAfrica’s head of Stakeholder Engagements. “In the last three months, the BETI numbers have weakened.”
BankservAfrica processes and settles millions of interbank transactions daily, and therefore provides a good indication of the movements in the local economy through the BETI, which is a nowcast indicator of the direction of the economic flow.
The BETI also recorded a quarterly decline in September 2021, echoing Stats SA’s reported GDP fall of 1.5%.
Quarter-on-quarter percentage change in the BETI and SARB Co-Incident Index
The highest point in the BETI level for 2021 was in August – a very strong, unusual month featuring a healthy rebound after the July unrest and riots in KwaZulu-Natal and Gauteng, BankservAfrica said. Since August, however, the overall BETI level has declined by 4.7%.
Load shedding has been a major challenge for the South African economy, along with other issues such as water outages and cable theft, the group said.
In November 2021, load shedding reared its ugly head again – but the economic transactions slowdown was already there in October. Although the Municipal Elections on 1 November 2021 provided some relief, load shedding before and after the elections played a role in increasing inactivity in the economy.
“Overall, the BETI indicates that 2021 has been a year of two halves: the first half recording an increasing GDP and the second half reflecting a declining economy,” said Schüssler.
BankservAfrica noted that the average value per transaction was 8% lower year-on-year in nominal terms, due to the higher inflation. The standardised nominal value of transactions remains above R1 trillion and stood at R1 061 trillion in November 2021 – the second-highest on record.
Source: https://businesstech.co.za/news/finance/546978/index-shows-south-africas-economy-is-shrinking/
What Jews say: Why ALL Whites must DIE! The INTENSE Jewish HATRED of the White Race
Here are various quotes from Jews showing their intense hatred of Whites everywhere. Take special note of Jewish academics like Susan Sontag and Professor Ignatiev and what they say about our race. There are lots of quotes from many famous Jews about the need to destroy the European people.
Get a Free PDF Book: The Jews by Hilaire Belloc (1922)
This is one of the greatest analyses of the Jews that has ever been done. This book was published in 1922.Hilaire Belloc was a very prolific French writer and thinker. A wonderful aspect of this book is that it contains information about the Jews and their hideous deeds (e.g. in Russia) which Jews have tried very hard to completely remove from history. When you read this book you will realise that in 100 years, absolutely nothing has changed. He also hints at the Jews being behind the ‘South African War‘ (i.e. The 2nd Anglo Boer War).
Video: WW2: The Worst of Germany nearly defeated the BEST of America
In this youll hear Jake, the American saying that the worst of Germany (the old, the young, the prisoners), very nearly defeated the VERY BEST of America!
