Slowdown in credit growth

By 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.

Recent Articles

Deals

Book 3 nights and get the 4th one free at Sun City

Price: Available on request
When: Until 30 June 2021
Where: Johannesburg

Bakwena Spa Mother’s Day Special

Price: From R849
When: Until 09 May 2021
Where: Western Cape and Gauteng

Spur Monday Special

Price: R60
When: Mondays
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions