Demand for private-sector credit unexpectedly softened in October, serving as further confirmation SA's cautious businesses are more interested in reducing debt than betting on future growth during a pandemic.

Private-sector credit extension rose 1.3% year on year in October, versus the 1.7% growth expected by economists, and representing a slowdown from September's 1.6%...

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now