SA private sector owes R2.5 trillion

South Africa’s private sector credit balances, comprising corporate and household credit, stood at nearly R2.5 trillion at the end of last month, according to figures released by ABSA yesterday.

Household credit balances alone were at R1.3 trillion, the bulk of these being in mortgages which accounted for R1.1 trillion.

Household mortgage balances stood at R798.2 billion.

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