South Africa's July credit growth quickens to 8.38 pct y/y - CNBC Africa

South Africa's July credit growth quickens to 8.38 pct y/y

Southern Africa

by Reuters 0

South Africa's July credit growth quickens to 8.38 pct y/y. PHOTO: Money101

Growth in private sector credit demand in South Africa quickened to 8.38 percent year-on-year in July compared with a revised 8.05 percent in June, central bank data showed on Monday.

Growth in the broadly defined M3 measure of money supply accelerated to 10.25 percent year-on-year in July from a revised 8.77 percent increase in June.

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