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December 2017 holiday spend

in numbers

The volume and value of purchases over the December 2017 holiday period showed growth on the previous year, according to point of sale transactions cleared by BankservAfrica, Africa’s largest automated payments clearing house. The main purchases recorded over the period were at grocery stores and supermarkets followed by service stations, eating places and restaurants, family clothing stores, and convenience stores and speciality markets, indicating the greater spending tendency towards consumables.  Please select the infographic below for the full scale image.

Image of cash in ATM dispensing slot
The BETI (BankservAfrica Electronic Transfer Index) is the broadest and earliest business cycle indicator on the economic calendar and gives the fastest overview of South African growth trends.
BankservAfrica Disposable Salary Index (BDSI), monitors how much cash salaried consumers have at their disposal and is released quarterly.
BankservAfrica Private Pensions Index (BPPI), provides an income gauge of monthly private pension payments paid into bank accounts of those 60 years of age and over.

BankservAfrica is recognised as a systemically important Financial Market Infrastructure by the South African Reserve Bank.   In 2014, the company undertook a self- assessment in terms of the Principles for Financial Market Infrastructure published by the Bank for International Settlements. This self-assessment report was submitted to the SARB in April 2014. Following a review by SARB, BankservAfrica has published in full the 2014 self-assessment.  Readers should note that the self-assessment report was concluded over two years ago and that many aspects of the organisation have changed.  BankservAfrica will publish a revised assessment annually.  The latest full report dated January 2017 is available below.
Download Full Report

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