South Africa’s credit growth quickens to 8.69% in June

Growth in credit demand from South Africa’s private sector quickened to 8.69 percent year-on-year in June, from 8.34 percent in May, reserve bank data showed on Tuesday.

The broadly defined M3 measure of money supply was at 7.24 percent, from 7.59 percent in May.

Economists had expected credit growth to slow to 8.1 percent and money supply to 7.5 percent.

– Reuters