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Growth in the value of outstanding credit balances in the South African household sector slowed down further to 0,4% year-on-year (y/y) to R1 501,7 billion up to the end of February 2017.
The first month of 2017 saw the value of outstanding credit balances in the South African household sector rising by a much subdued 0,6% year-on-year (y/y) to R1 494,2 billion, after growth of 0,7% y/y at end-2016.
Dr Andrew Dittberner, Chief Investment Officer, Cannon Asset Managers, warns of the danger of confusing “Big” with “Great”.
The value of and growth in outstanding credit balances, especially unsecured credit, in the South African household sector was in April 2016 impacted by the inclusion of data for the new African Bank as from that month.
It might be mid-week and days after month-end, but the buzz at the sprawling Mall@Carnival as shoppers stream in from across Ekurhuleni and beyond is unmistakable.
His father was a carpenter, his granddad a contractor.
The new multi-million rand landmark Cosmo Mall Pedestrian Bridge, developed by the owners and developers of the mall, Bentel Group, is set to open to the public later this month (December) just ahead of peak festive season trading.
Diepsloot Mall, the new shopping mall in Diepsloot near Fourways, has commenced trading
Last month Credit Agricole Indosuez donated one of its buildings to the CIDA City Campus, a virtually free tertiary education facility for people from previously-disadvantaged backgrounds