BankservAfrica press releases

Transactional improvements point to SA economy’s recovery

BankservAfrica’s Economic Transaction Index (BETI) reached record levels in March with the actual number of transactions increasing to over 100 million for the first time ever. This, together with the growth in transactional values suggest the South African economy is on the road to recovery with downward movements previously experienced gradually coming to an end.

BankservAfrica processes highest volume of electronic transactions in March

BankservAfrica, Africa’s largest automated payments clearing house, cleared the highest volume of electronic funds transfers (EFTs) on record in March of 89 million and at a value of R847 billion.

Take-home pay declines slightly while private pensions race ahead

Monthly take-home pay reflected a slight decline for February while private pensions continued to outperform, according to BankservAfrica’s latest monthly data.

Transactional activity remains flat in February

The BankservAfrica Economic Transaction Index (BETI) is showing signs of a slight slowdown. There are, however, still reasons to remain optimistic of a shift in growth to higher levels in months to come.

BankservAfrica shares insights on the future of payments at 2018 Seamless Payments Africa

South Africa’s payments industry, while one of the most advanced in the world, currently faces a number of challenges, particularly for addressing the issues of financial inclusion. This, while simultaneously keeping pace with a fundamentally changing payments system spurred on by new payment technologies.

South African take-home pay and private pensions indices up slightly in January

BankservAfrica’s January Take-home Pay and Private Pensions indices shows a better start to 2018 with growth experienced in both nominal and real terms.

The BankservAfrica Take-home Pay Index shows average formal sector pay was R14 675 in January, 5.8% higher than January 2017 before inflationary adjustment, according to Shergeran Naidoo, Head: Stakeholder Engagement at BankservAfrica.  

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.