The value of outstanding credit balances in the South African household sector showed growth of 4,8% year-on-year (y/y) to R1 495,4 billion at the end of February 2016. Growth in both secured and unsecured credit balances was somewhat higher at end-February compared with the preceding month.
Against the background of trends in and the outlook for the economy, household finances and consumer confidence, growth in household credit balances and the various secured and unsecured credit components is forecast to remain in single digits in the rest of the year.
Read more here: Credit and mortgage advances (Feb 2016)
