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Emerging markets drive investment into Africa
07 May. Emerging markets drive investment into Africa, says Ernst & Young. Foreign direct investment (FDI) from emerging markets into Africa outpaced that from developed markets last year, but the number of new FDI projects into the continent fell 12% from the previous year, Ernst & Young said on Monday. Despite this drop, which came … Continue reading
Postbank all set for licensing
07 Aug. Postbank all set for licensing. The South African Postbank is expected to receive a banking licence early next year, according to Communications Minister Dina Pule. Preparations for Postbank to become a corporate entity, which will enable it to become a retail bank, have gained momentum. The bank plans to serve the unbanked and … Continue reading
Absa: Mortgage advances
31 Jul. Further uptick in household mortgage advances growth. Growth in value of outstanding credit balances in the South African household sector was somewhat higher at 7,7% year-on-year (y/y) in June 2012 from 6,8% y/y in May. The outstanding amount of household credit was R1 229,2 billion at the end of June, up by R9,1 … Continue reading
Absa: Mortgage advances
02 Apr. Subdued growth in mortgage advances continues. The value of outstanding credit balances in the South African household sector increased by 6,6% year-on-year (y/y), to a level of R1 197,8 billion in February 2012. The month-onmonth increase in household credit balances was R11,6 billion, or 1%, in February. The total amount of outstanding private … Continue reading
Webcast of the Press Conference of the Monetary Policy Committee
28 Mar. Webcast of the Press Conference of the Monetary Policy Committee. The press conference to announce the decision of the Monetary Policy Committee will be held on Thursday, 29 March 2012. The announcement will be broadcast live on SABC 3, ENews Channel, CNBC Africa and Summit TV from 15:00. Should members of the media … Continue reading
Absa: Mortgage advances
29 Feb. Mortgage advances growth remains low in early 2012. January 2012 saw growth of 6,1% year-on-year (y/y) in the value of outstanding credit balances in the South African household sector, to a level of R1 186,2 billion. On a monthly basis household credit was up by R8,7 billion, or 0,7%, in January from December. … Continue reading
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