South Africa's private sector credit unexpectedly increased by 0.61 percent year-on-year in July 2021, missing market consensus of a 0.7 percent fall and after a 0.54 percent drop a month earlier. This marked the first time increase in private sector credit since February. Meantime, expansion in the broadly defined M3 measure of money supply increased by 1.93 percent in July, accelerating from a 0.12 percent rise in June. source: South African Reserve Bank

Private Sector Credit in South Africa averaged 13.34 percent from 1966 until 2021, reaching an all time high of 35.88 percent in July of 1981 and a record low of -2.35 percent in May of 1966. This page provides the latest reported value for - South Africa Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Private Sector Credit - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Private Sector Credit in South Africa is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Private Sector Credit is projected to trend around 1.60 percent in 2022 and 1.40 percent in 2023, according to our econometric models.

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South Africa Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
0.61 -0.54 35.88 -2.35 1966 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 06:00 AM Apr -1.76% -1.52% -0.9% -1.8%
2021-06-30 06:00 AM May -0.42% -1.76% -0.9% -1.6%
2021-07-29 06:00 AM Jun -0.54% -0.42% 0.4% -0.3%
2021-08-31 06:00 AM Jul 0.61% -0.54% -0.7% -0.6%
2021-09-30 06:00 AM Aug 0.61% 0.8%
2021-10-29 06:00 AM Sep 1%
2021-11-29 06:00 AM Oct
2021-12-31 06:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Africa Private Credit Unexpectedly Rises
South Africa's private sector credit unexpectedly increased by 0.61 percent year-on-year in July 2021, missing market consensus of a 0.7 percent fall and after a 0.54 percent drop a month earlier. This marked the first time increase in private sector credit since February. Meantime, expansion in the broadly defined M3 measure of money supply increased by 1.93 percent in July, accelerating from a 0.12 percent rise in June.
2021-08-31
South Africa Private Credit Unexpectedly Falls
South Africa's private sector credit unexpectedly declined by 0.64 percent year-on-year in June 2021, missing market consensus of a 0.4 percent gain and after a 0.42 percent fall a month earlier. This marked the fourth straight month of negative reading since February. Meantime, expansion in the broadly defined M3 measure of money supply increased by 0.12 percent in June, compared with forecasts of a 1.7 percent rise and after a 1.82 percent increase in May.
2021-07-29
South Africa Private Sector Credit Drops Less than Expected
South Africa's private sector credit fell by 0.42 percent year-on-year in May 2021, following a 1.76 percent drop in the previous month and better than market expectations of a 0.9 percent decline. Meantime, expansion in the broadly defined M3 measure of money supply increased by 1.82 percent in May, easing from a 2.02 percent gain in April.
2021-06-30
South Africa Private Sector Credit Drops More than Expected
South Africa's private sector credit fell by 1.76 percent year-on-year in April 2021, following a 1.52 percent drop in the previous month and missing market expectations of a 0.9 percent decline. Meantime, expansion in the broadly defined M3 measure of money supply advanced by 2.02 percent in April, easing from a 3.62 percent rise in March.
2021-05-31

South Africa Private Sector Credit
Private sector credit measures year over year change in the bank lending to domestic private sector.