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

PUBLISHED: Tue, 30 Mar 2021 06:05:08 GMT

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.

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)

(c) Copyright Thomson Reuters 2021. Click For Restrictions –

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.