South Africa’s February credit growth slows to 2.62% y/y

PUBLISHED: Tue, 30 Mar 2021 06:05:08 GMT
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JOHANNESBURG, March 30 (Reuters) – Growth in private sector credit in South Africa slowed to 2.62% year on year in February from 3.26% in January, central bank data showed on Tuesday.

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Expansion in the broadly defined M3 measure of money supply also fell, to 7.48% in February from 9.15% the previous month. (Reporting by Mfuneko Toyana; Editing by Andrew Heavens)

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