Credit tumbles, trade deficit soars

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Not since England won the World Cup (football that is) has South African credit extension registered a negative print. But on Monday the SARB revealed that in October credit extension to the private sector FELL 0.4% year on year. What are the implications? And what about the trade deficit? A massive R6.71 billion deficit was recorded, reflecting a big jump in imports. Annabel Bishop of Investec looks at the numbers.

Tags: Annabel Bishop, Credit, Investec Asset Management, Trade deficit

This entry was posted on Monday, November 30th, 2009 at 6:13 pm and is filed under EconoCast. You can follow any responses to this entry through the RSS 2.0 feed.