Credit Growth
latest news & developmentsSA May credit growth slows, firms cut back
Growth in credit demand in South Africa’s private sector slowed sharply in May as companies curbed their borrowing.
SA credit growth slows, giving bank room to cut rates
South African bonds overlooked a weaker rand to open firmer on Friday after credit extension and money supply data surprised to the downside.
Growth in credit demand slows
Growth in demand for private-sector credit eased to 15,3% year-on-year in November from a revised 16,36% in October, the SARB said on Wednesday.
May credit growth ticks up to 19,74%
South Africa’s credit growth rose slightly to 19,74% year-on-year in May, slightly above forecasts, data showed on Monday.