Loans 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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now