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SA 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.
Credit Growth
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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.
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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.
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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.
