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

2021-11-30 03:18:00 PM

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 🔒

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

Karl GernetzkyDemand 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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WATCH | Man believed to be from SA allegedly verbally abuses man on UK trainA man, believed to be from SA, has come under fire after allegedly verbally abusing a Muslim man on a train in the UK. I was given a Quran the other day. Some truly lovely scriptures in there. Someone was coping other works. I'm not saying who and who but very much similar to another religion out of that region. Why would you shout at someone for reading something? There is no way that man is one of us , he even said it “ this is my country “ Which race ?