South African Credit Growth Unexpectedly Slowed to 24.8 Percent in May

(Bloomberg) -- South African credit growth slowed to
an annual 24.8 percent in May as four interest-rate increases last
year crimped consumer spending on cars.

The pace of growth in borrowing by households and companies
slowed from 25.1 percent in April, the Pretoria-based central bank
said on its Web site today. Credit growth was expected to be
little changed at 25.4 percent, according to the median estimate
of 13 economists surveyed by Bloomberg.


Read more at Bloomberg Emerging Markets News