Loans and advances fell 0.5% year on year in June, with corporate activity still subdued, even as demand from households remains robust
Loans and advances fell 0.54% from a year earlier in June, with corporate activity still subdued, even as demand from households remains robustLoans and advances to the private sector contracted for a fourth consecutive month in June, with corporate activity continuing to weigh due to uncertainty over SA’s economic prospects.
Private-sector credit extension fell 0.54% year on year in June, slightly worse than the 0.4% drop expected in the Trading Economics consensus, providing further confirmation that many SA businesses are more interested in reducing debt than betting on future growth...
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