Mike Cohen and Nasreen Seria on Business Report:
“Credit growth eased to an annual 18.6 percent last month, the slowest pace in more than three years, as higher interest rates curbed consumer spending on cars and furniture.
Growth in borrowing by households and companies slowed from 19.8 percent in July, the central bank said yesterday. Credit was expected to rise 19.2 percent, according to the median estimate of 16 economists surveyed by Bloomberg.
The Reserve Bank has raised its benchmark interest rate by 3 percentage points to 12 percent since June last year.
The …

 ”All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.” – John Kenneth Galbraith

One of the first comprehensive legal publications on the National Credit Act has been published by Lexis Nexis under the title Guide to the National Credit Act by JW Scholtz, JM Otto, E van Zyl, CM van Heerden and N Campbell (ISN 978 0409033717).
The book is divided into 5 sections: the Commentary, the Act itself, the Regulations and Guidelines, the Table and the Index. The most important section is the Commentary which deals with an analysis of the Act.
The book covers all details of the Act and one must sympathise …