Larry Claasen
2 minute read
25 Sep 2020
8:37 am

‘SA economy on the mend’ – SA Reserve Bank

Larry Claasen

Nevertheless, other than indicating that the recovery has started, the indicators cannot scale it.

Sarb warns against getting involved in non-licensed financial service firms.

The economy is on the mend. This is according to the South African Reserve Bank (Sarb) composite business cycle indicator released this week. The composite leading business cycle indicator, which is composed of 10 available time series components, saw eight of them improve on a month-tomonth basis in July. “The largest positive contributions to the movement in the composite leading business cycle indicator in July were increases in the number of residential building plans approved and in the RMB/ BER Business Confidence Index,” the Sarb said in a statement. It said its composite coincident business cycle indicator increased 3.7% on...