EDITORIAL: Falling credit extension to private sector could be a blessing in disguise
02 June 2021 - 05:09
On the face of it, it is depressing to see that SA companies are not rushing to their lenders for new credit lines given that the government’s economic revival project rests on private sector-led investment spending.
But one can take solace in the fact that businesses have rather used these times of uncertainty both on pandemic and policy fronts to fix their balance sheets and pay down borrowings racked up a year ago to build cash buffers when large swathes of the economy were shut down. ..
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