I will then zoom in on South Africa‟s situation, analysing how much the global environment has influenced domestic developments over the past year and, equally, how new global uncertainties may combine with local issues to influence monetary policy over the coming year.
Further, the number of SHGs having outstanding loans with banks has declined from 4.8 million to 4.4 million between 2011 and 2012 and stood at 4.5 million in 2013. Similarly, the number of SHGs to whom bank loans were disbursed declined from 1.6 million in 2010 to 1.2 million in 2011 and has stagnated thereafter. (Table 3).