Lending in South Africa surges on low interest rates

Note: This section contains information in English only.
Source: Bloomberg

In November South African borrowing rose faster compared to previous month reaching increase of 6.22% as nation's central bank maintained its interest rate unchanged at 5.5% or 30-year record low to boost growth in Africa's biggest economy. Borrowing by businesses and households added 5.5% compared to October, reported Reserve bank. South African economy expanded 1.4% in third quarter.

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