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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.

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