(Reuters) - South Africa's household spending slowed slightly to 7.5 percent in the first quarter of the year while consumer debt levels reached record highs, the reserve bank said on Thursday.
Household spending eased from 7.75 percent year-on-year in the fourth quarter of 2006, while consumer indebtedness increased to a record 76 percent of disposable income in the first three months of this year from 73.75 in Q4 2006.
Read more at Reuters Africa
Household spending eased from 7.75 percent year-on-year in the fourth quarter of 2006, while consumer indebtedness increased to a record 76 percent of disposable income in the first three months of this year from 73.75 in Q4 2006.
Read more at Reuters Africa
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