JSE deleveraging continued in 2022, with total interest-bearing loans owed by all JSE companies – excl banks – falling below R1trn for the first time in five years. Moneyweb stocks
The deleveraging of the JSE continued in 2022, with total interest-bearing loans owed by all JSE companies – excluding banks – falling below R1 trillion for the first time in five years. Debt peaked in 2020 at the height of the Covid-19 pandemic, when interest rates fell to 3.5% and companies scrambled to shore up balance sheets hit by plummeting sales. The process of derisking balance sheets, already much in evidence in 2021, continued in 2022.
Source: ShareMagic and Moneyweb The aggressive fight against inflation by the South African Reserve Bank is having the desired effect, says Terence Hove, market analyst at Exness Africa. “Sarb’s fight to bring back inflation within the 3-6% inflation target range saw consecutive 75 basis point increases at most of the Monetary Policy Committee meetings in 2022.
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