SARB leading indicator up 4.2% y/y in May. Image: UnsplashThe South African Reserve Bank’s (SARB) leading indicator was up 4.2% year-on-year in May 2026. The SARB leading indicator had been rising since April 2024. The March 2026 year-on-year increase was the highest since October 2021. ADVERTISEMENTThe BCI slipped to 39 in the second quarter 2026 from 47 in the first quarter 2026.