Lending Scheme Hits Three-Year High

Small and medium-sized enterprises (SMEs) are increasingly able to secure bank loans supported by a Government-backed scheme, as lending under the scheme reached its highest level since 2010. Enterprise Finance Guarantee (EFG) scheme lending figures, published today,...

Economic growth not encouraged by high inflation

Pretoria – Low interest rates and high inflation do not encourage economic growth, economist Chris Hart said on Tuesday. “Low interest rates in the developed world have become counter-productive…. Growth has to be funded. In South Africa where...