Private-sector credit rises in December, but demand remains weak
Loans and advances rose in December to a four month high, but are well below 2019 levels
29 January 2021 - 14:11
Loans and advances to the private sector rose to a four-month high in December, but were well below the same month in 2019, with weak demand expected to continue in early 2021 as SA's economy battles to recover from Covid-19.
Private-sector credit extension growth moderated to an average of 4.9% year on year in 2020 from 6.8% in 2019, data from the Reserve Bank showed on Friday...
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