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. source: South African Reserve Bank
Private Sector Credit in South Africa averaged 13.36 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 August of 2021.
Private Sector Credit in South Africa is expected to be 1.60 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 1.80 percent in 2022 and 1.60 percent in 2023, according to our econometric models.