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South African consumers had a cash hangover in January. Statistics released by the Spark Cash Index indicate that citizens significantly reduced their spending during January 2013, following a record increase in cash withdrawal activity in December 2012. January activity down sharply at SA ATMs
Cash withdrawals fell 9.18% month on month to R440.53 in January, according to the Spark Cash Index (SCI), released today, Thursday 7 February 2013. Marc Sternberg, MD of Spark ATM Systems, said the steep drop in the withdrawal values during January is a recurring trend, and is in keeping with recorded SCI ATM withdrawal patterns […]
THE Spark cash index, which measures the average value of cash withdrawals across more than 2,000 ATMs in South Africa, fell 9.18% to R440.53 in January compared with December 2012. ATM withdrawals show seasonal January drop
Cash withdrawals rose in December‚ according to the Spark Cash Index (SCI) which measures the average value of cash withdrawals across more than 2‚000 ATMs in SA. The index rose 5.99% year on year to R485.07 in December from R457.67 in the same month in 2011. Spark said this indicated that consumer spending was more […]
Statistics from Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 000 Spark ATMs throughout South Africa, showed that consumer spending was more robust in 2012. The figures revealed a 5.99% year-on-year increase to R485.07 in December 2012 from R457.67 in the same month in 2011. Consumer spending […]
The average cash withdrawal values across South Africa reflected a 5.72% year-on-year increase for the period 1 – 11 December 2012, increasing from R434.22 to R459.04, as measured by the Spark Cash Index (SCI). There was a month-on-month increase of 2.76%, suggesting improved consumer spending and retail trading conditions nationally. Cash withdrawals indicate spike in […]
Don’t get lured into Christmas overspend
’n Toename in kitsbank-ontrekkings is goeie nuus vir kleinhandelverkope. Die jongste data van Spark ATM Systems, wat die onttrekkings by meer as 2 000 kitsbanke in die land meet, wys ’n styging van 5,72% op ’n jaargrondslag in kontantonttrekkings tussen 1 en 11 Desember. SA onttrek meer kontant vir Kersfees
ATM withdrawals increased in November as striking miners returned to work, according to figures released yesterday. According to Spark ATM Systems, which installs and maintains the machines, average cash withdrawals in November increased to R442,71, up from R439,27 the previous month. ATM withdrawals up in November
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