South Africa's April credit growth quickens to 9.35 % y/y - CNBC Africa

South Africa's April credit growth quickens to 9.35 % y/y

Southern Africa

by Reuters 0

South Africa's April credit growth quickens to 9.35 % y/y. PHOTOS: businesstech

South Africa's private sector credit demand increased to 9.35 percent year-on-year in April from a revised 8.75 percent in March, central bank data showed on Friday.

The broadly defined M3 measure of money supply rose by 8.38 percent year-on-year in April compared with March's unrevised figure of 7.42 percent.

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