Private Sector Credit Growth Accelerates to Pre-Pandemic Levels .

August 5, 2025 29

Private sector credit grew by 5.7% year-on-year in June, up from 4.1% in May—the fastest pace since early 2020. Corporate credit surged 10.6%, fueled by strong activity in mining, energy, retail, and manufacturing sectors. Overdrafts jumped 17.4%, driven largely by real estate development and rising consumer demand, explained Simonis Storm economist Almandro Jansen.

Private Sector Credit Growth Accelerates to Pre-Pandemic Levels .
Leonard Witbeen

The post Private Sector Credit Growth Accelerates to Pre-Pandemic Levels . first appeared on Future Media News.

The post Private Sector Credit Growth Accelerates to Pre-Pandemic Levels . appeared first on Future Media News.

Written by: Madeline

Rate it

Global Microsoft outage affects Outlook, Teams and OneDrive

Microsoft says a gradual recovery is underway after a major global outage disrupted key workplace and email services overnight. The disruption, which began Thursday, hit Outlook, Microsoft Teams, OneDrive, and Copilot, affecting businesses and institutions worldwide. Microsoft says the problem was triggered when servers handling secure connections became overwhelmed, adding […]

November 13, 2026 6

News

PM Ngurare calls for fast-tracking of Namibia-Cuba pharmaceutical project

Namibia and Cuba are moving towards establishing a joint pharmaceutical manufacturing plant in Okahandja to produce essential medicines locally. Prime Minister Elijah Ngurare says the project must be fast-tracked, with discussions dating back to 2011. The partnership with Cuba’s state-owned BioCubaFarma is expected to involve technology and skills transfer, eventually […]

November 13, 2026 6