The amount of cash withdrawn at ATMs is a real-time indicator of cash availability and spending in the economy. From our transactional records we have noticed that, over time, the average amount of cash withdrawn at our network of ATMs corresponds with general economic conditions in the country and that consumers respond very quickly to changing economic conditions, particularly to variations in the prime interest rate.
The SCI is a widely followed index released by Spark ATM Systems on the 2nd Tuesday of each month. It is one of the most real-time indicators of consumer behaviour in South Africa and is followed by economists and journalists.
Read the latest SCI Media Coverage news here.
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