Loading...
See More

Credit growth quickens in November

Dec 31 2012 11:38 I-Net Bridge

Related Articles

October credit growth slows to 8.35%

Credit growth quickens to 9.07%

August credit growth slows

SA credit growth quickens to 8.72%

Credit growth quickens to 8.31%

April credit growth eases

 
Johannesburg - Credit extension to the private sector (PSCE) grew by 9.59% year on year (y/y) in November‚ from 8.35% in October‚ South African Reserve Bank (Sarb) figures released on Monday showed.

The rate of growth in SA’s broad M3 money supply measure was 6.26% y/y in November from 5.69% y/y in October.

Total loans and advances‚ which is PSCE excluding investments and bills discounted‚ recorded an 9.86% y/y growth in November from 8.50% y/y growth in October.

Total domestic credit extension amounted to 9.78% y/y in November from an 8.01% y/y increase in the prior month.

The Sarb also indicated that its international liquidity position rose to $50.813bn in November from $48.626bn in October. 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

credit growth
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...