Credit growth slows to 7.79%
Fin24/ Reuters - May 2nd, 08:44
Johannesburg - Growth in credit demand by South Africa's private sector slowed to 7.79% year-on-year in March from 7.88% in February, data from the South African Reserve Bank showed on Tuesday.
Expansion in the broadly defined M3 measure of money supply was however higher at 8.47% year-on-year in March from 7.71% the previous month.
Economists surveyed by Reuters forecast year-on-year private sector credit growth of 7.2% in March and a 7.5% rise in money supply.
Credit extension data is an important indicator of credit uptake by households and the private sector‚ and a key gauge of consumption expenditure levels.
Total domestic credit extension growth eased to 7.76% y/y in March from 9.51% y/y in February and 9.99% y/y in January.
Clicks climbs after annual results
25/10/2013 - 11:12
Johannesburg - South African beauty and pharmaceutical retailer, Clicks, has said trading over the Christmas holiday season is critical to its fiscal 2014 performance as consumer spending remains weak
China’s consumer inflation rises
21/10/2013 - 10:58
hina's consumer price index (CPI), a key measure of inflation, climbed to 3.1 percent year-on-year in September, the government has said.
SA’s GDP growth likely to stay at 2.0%
18/10/2013 - 09:14
Johannesburg - The softer global economy and weak domestic business and household confidence are expected to keep South African GDP growth at 2.0% this year with a marginal pick-up to 2.8% in 2014.
Sainsbury’s plans ‘dark store’ UK
15/10/2013 - 11:14
London - J Sainsbury, Britain's No. 3 supermarket, plans to open its first distribution centre dedicated to online grocery orders in response to rapidly increasing demand in south-east England.
Jozini Mall en-route to Mozambique, opening 24 October 2013
08/10/2013 - 15:33
Jozini Mall, the new 18,220 square metre community shopping centre in North-Eastern KwaZulu-Natal, is now fully let and will open on Thursday, 24th October 2013.