KZN Provincial Treasury - BETI Report and Latest Stats for KZN
KZN Provincial Treasury - BETI Report and Latest Stats for KZN



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KZN Provincial Treasury - BETI Report and Latest Stats for KZN

2014-11-13

Mike Schüssler

Oct 2014

A decline that may just be a turning point â€" BankservAfrica Index While a smaller decline is certainly a massive improvement for the South African economy, the BETI shows that the economy is still fragile. The whole third quarter shows a decline over the second quarter of 2014. However, this does not mean that the economy is back in negative territory. Rather, the economic growth will remain weak and probably at levels of around 1%.

The year-on-year decline eased from -3.2% to -1.4%, an indication of how fragile the economy still is. The BETI indicates that the economy is getting back onto its feet and may just start to crawl along again soon. It is perhaps the only time that the change has been so big that a much smaller decline could be indicating a turning point for the South African economy.

While the data still indicates a decline after taking the effect of inflation into account, the fact that the decline has more than halved shows that the economy is eager to get back to growth, albeit slowly. This point proves that, despite ongoing post office strikes and NEASA lockouts, the economy is showing signs of life rather than decline.

The South African economy is no longer declining and we can be hopeful of increased activity in the next couple of months. Although South Africa’s strike-prone economy received a small boost from less strike activity, there is still industrial action that makes a business-as-usual outcome unlikely. Nonetheless, industrial action is now just a fraction from the February to July period, which will somewhat facilitate a recovery.

Also helping the economy in September was a significant drop in petrol prices, which will also, in turn, help consumers to recover slightly. With wage increases somewhat above inflation, the economy will also benefit. Furthermore, better export earnings from the motor as well as tourism industries are partly offsetting the decline in commodity prices.

Click below link to download BETI Report:
BETI Report Oct 2014.docx - 0.2 Mb

Below are some of the latest stats.

Click below link to view KZN Salary Survey:

KZN Salary Survey.xlsx - 0.2 Mb

Click below link to view Newsletter for Oct 2014:
Oct 2014.pdf - 0.7 Mb


Dr Clive Coetzee
General Manager:  Infrastructure Management and Economic Services
KZN Provincial Treasury
Economist (PhD UKZN)
033 897 4538
http://www.kzntreasury.gov.za





KZN Provincial Treasury - BETI Report and Latest Stats for KZN

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