Weak Economy And Higher Interest Rates To Weigh On South African Bank Asset Growth
Country Risk / South Africa / Mon 16 Jul, 2018
Key View: Weak-than-expected economic growth and tightening monetary policy starting in 2019 will weigh on private sector credit growth over the coming quarters. Robust increases in lending to the government will help to buoy headline asset growth but will not be sufficient to completely offset weak private sector credit expansion.
The outlook for