SA firms show increased appetite to take on debt, Bank data shows
Private sector credit extension recovery shows improved confidence as companies happily get more credit to expand their businesses to increase fixed investment
31 March 2022 - 05:00
In a sign that confidence in SA’s economy is improving, companies are showing more appetite to take on debt.
This was reflected in Reserve Bank data on Wednesday that showed private sector credit extension accelerated to 3.6% in February compared to a year earlier, and up from 3.1% in January. The reading was higher than expected and was driven mostly by corporate borrowers. It was the eighth straight month of increase and the strongest rise since August 2020...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.