Incidentally, it looks as if banks and mortgage banks have increasingly begun to differentiate between customer groups on the basis of risk profiles. So there is no doubt that certain firms and sectors are finding it harder to obtain loans.
Despite generally negative sentiment towards emerging market-market assets, they continued to buy R768 million worth of bonds in May and R4.5 billion in June. About this there can be little argument, for all that I have done is to summarise the facts.