Private sector credit growth eased in October, coming in below expectations, mainly as a result of lower advances in investment and bills and other loans and advances.

Credit extended to the SA private sector rose by 9.34% year on year, according to the Reserve Bank. That is down from 9.74% in September when it defied expectations to increase at the fastest pace in seven years as consumers battling the cost-of-living crisis tapped their credit cards and drew down their overdrafts...

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