Growth in household credit and mortgage balances remained low in the first half of 2014

Year-on-year growth of 4,3% was recorded in the value of outstanding credit balances in the South African household sector up to the end of June 2014, unchanged from end-May. Household credit balances comprise of instalment sales, leasing finance,
mortgage loans, overdrafts, credit card debt, and general loans and advances (mainly personal loans and micro finance)… Read more