Credit extension to private sector slows
29 August 2008 · Staff Writer
Slowdown in credit growth
From Fin24
Credit extension to the private sector (PSCE) grew at a rate of 19.81% year-on-year (y/y) in July from a revised 20.39% (20.28%) in June, the South African Reserve Bank (SARB) said on Friday.
Justmoney.co.za says:
The interest rate hikes were made to slow credit growth. This is happening, so join in and get a savings account, get a better banking account and pay off those credit cards with a balance transfer offer.
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