31 July 2007

Rate Hike One The Way

SA credit growth quickens, rate hike looms
Growth in demand for credit by South Africa's private sector quickened to 24,92% year-on-year in June, data showed on Tuesday, hardening the case for another interest rate increase next month.

The Reserve Bank said credit demand growth was a touch faster than May's 24,84% increase, while during the same period, the broadly defined M3 measure of money supply grew by 23,35% compared to 22,67% the previous month.

16 July 2007

Thank You Telkom

Well it took over two weeks but eventually Telkom reconnected my ADSL. We'll be back in action shortly.