Corporate borrowing reaches R950bn

Business Report reports that higher levels of borrowing has implications for South Africa's inflation rate that is expected to peak at about 6.5% according to Gill Marcus, governor of the Reserve Bank.

The rate is outside the government's target of between 3% and 6% and could mean that interest rates could increase towards the end of this year. The Monetary Policy Committee - responsible for setting rates - is due to meet later this month, according to the report.

For more:

• Business Report: Lending to firms grows by 12%