BankservAfrica press releases

SA’s economy looking up in 2018 – BankservAfrica

Optimistic start to the year with January’s economic transactional index showing year-on-year growth 

BankservAfrica appoints new Chairperson of the Board

South Africa, Johannesburg, 05 February 2018 — BankservAfrica is pleased to announce the appointment of Dr Yvonne Muthien as the new Chairperson of the Board.  Yvonne was unanimously appointed Chair by her fellow directors at the last meeting of 2017. 

Take-home pay bounces back in October while pensions reach new levels

Average take-home pay bounced back in October after a decline in September while pensions reached a new high in October.

SA’s economic performance continues to fluctuate following poor September performance – BankservAfrica

Seesaw economic performance continues


The BankservAfrica Economic Transaction Index (BETI) for September highlights the continuing fluctuation of the South African economy after economic transactions in the overall payment system declined 0,7% after a very strong increase of 1,5% in August.

“The contrasting performances between August and September are worrisome for economic actors, as planning in a volatile economy are not just difficult, but near impossible,” says Mike Schüssler, Chief Economist at Economists dotcoza.

SA’s economic transactional activity picks up in July – BankservAfrica

Latest index shows annual pick up augmented by low-growth economy


For the first time in 10 months, economic transactional activity in South Africa picked up in real terms on a year-on-year basis in July due to weaker inflation, according to the latest BankservAfrica Economic Transactions Index (BETI).

BankservAfrica’s BDSI shows real-take home salaries improve in June

Improvements in the last four months suggest turnaround for shrinking wage trend


South Africans are taking home higher salaries for the fourth month in a row. This is according to the BankservAfrica Disposable Salary Index (BDSI) which showed a 1.3% month-on-month improvement. 

BankservAfrica’s BETI picks up in June

Monthly economic transactions pick up but data reveals long-term volatility will persist


South Africa’s economic transactional activities – and economy at large – appears to be in a state of volatility with uncertainty amongst businesses and individuals being the only constant, according to BankservAfrica’s Economic Transaction Index (BETI) for June.

Take-home salaries increase slightly in May

May reflected a slight increase of 0.9% in take-home pay for the third consecutive month in 2017, according to BankservAfrica’s latest Disposable Salary Index (BDSI) data, which also showed that South Africa’s formal workers are faring slightly better than in 2016.