SA credit demand unexpectedly softens in October
October marked the fourth consecutive month of overall credit growth in SA, but the contraction in corporate credit extension sped to 2% year on year
30 November 2021 - 12:03
Demand for private-sector credit unexpectedly softened in October, serving as further confirmation SA's cautious businesses are more interested in reducing debt than betting on future growth during a pandemic.
Private-sector credit extension rose 1.3% year on year in October, versus the 1.7% growth expected by economists, and representing a slowdown from September's 1.6%...
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