According to recent reports from different ATM news platforms it has been declared that the month of January 2013 in South Africa was quite low as far as cash withdrawals are concerned. The second bad drop was seen in the month of February when the expected amount of withdrawals remained low and cash index operators in South Africa told us that this survey has been carried out after looking the transactional record of 2000 Arms in SA.
South African ATM machine manufacturers said that they have very close picture of ATM cash withdrawals and they are comparing old results with the present stats, in order to predict the future cash withdrawals. It has been declared by some popular Self service check in kiosk providers including automatic teller machine businessmen that during this Easter it seems like graph of cash withdrawals will increase as during holidays people normally spend on travelling and amusement.
Concluding statements from top economists are that it’s not necessarily going to happen and predictions by just looking the importance of upcoming events and holiday one should not forecast the future results. This is the reason why ATM industrialists are little worried about the drop in the transactions and few main reasons behind this drop are considered as unemployment and global financial crises.
