S.Africa's September credit growth slows to 8.39 pct y/y - CNBC Africa

S.Africa's September credit growth slows to 8.39 pct y/y

Southern Africa

by Reuters 0

S.Africa's September credit growth slows to 8.39 pct y/y. PHOTO: Pixabay

Growth in private sector credit demand in South Africa slowed to 8.39 percent year-on-year in September compared with 8.6 percent in August, central bank data showed on Thursday.

Growth in the broadly defined M3 measure of money supply also slowed, at 8.47 percent year-on-year in September from 10.02 percent increase in August.

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