South Africa's June credit growth slows to 8.1 % y/y - CNBC Africa

South Africa's June credit growth slows to 8.1 % y/y

Southern Africa

by Reuters 0

South Africa's June credit growth slows to 8.1 pct y/y. PHOTO: Pixabay

South Africa's private sector credit demand slowed to 8.14 percent year-on-year in June compared with 9.42 percent expansion in May, central bank data showed on Wednesday.

Growth in the broadly defined M3 measure of money supply quickened to 8.89 percent year-on-year in June from an 8.37 percent increase in May.

Comments