South Africa's private sector credit rose by 5.10 percent from a year earlier in December of 2018, slowing from a 5.56 percent gain in a month earlier and below market consensus of 5.4 percent. It was the weakest growth in private sector credit since May. Meantime, expansion in the broadly defined M3 measure of money supply went up 5.59 percent, after a 5.69 percent rise in November and less than estimates of 5.78 percent. Private Sector Credit in South Africa averaged 13.76 percent from 1966 until 2018, 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.

Private Sector Credit in South Africa is expected to be 5.81 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Sector Credit in South Africa to stand at 4.32 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 3.11 percent in 2020, according to our econometric models.

South Africa Private Sector Credit
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-29 06:00 AM Private Sector Credit YoY 6.26% 6.74% 5.5% 6%
2018-11-29 06:00 AM Private Sector Credit YoY 5.82% 6.27% 6.41% 6.5%
2018-12-31 06:00 AM Private Sector Credit YoY 5.56% 5.82% 5.56% 5.6%
2019-01-30 06:00 AM Private Sector Credit YoY 5.1% 5.56% 5.4% 5.8%
2019-02-28 06:00 AM Private Sector Credit YoY 5.1%
2019-03-29 06:00 AM Private Sector Credit YoY
2019-04-30 06:00 AM Private Sector Credit YoY


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 7.00 7.00 26.00 -33.00 Index Points [+]
Retail Sales MoM -4.80 2.80 4.70 -5.10 percent [+]
Retail Sales YoY -1.40 2.90 15.50 -6.30 percent [+]
Consumer Spending 1935614.00 1928113.00 1935614.00 260612.00 ZAR Million [+]
Disposable Personal Income 2965713.00 2911510.00 2965713.00 3393.00 ZAR Million [+]
Personal Savings 0.20 0.40 23.80 -2.70 percent [+]
Private Sector Credit 5.10 5.56 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.03 1.06 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.00 33.10 43.90 33.00 percent of GDP [+]
Households Debt To Income 71.90 74.40 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


South Africa Private Sector Credit

Private sector credit measures year over year change in the bank lending to domestic private sector. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.56 35.88 -2.35 1966 - 2018 percent Monthly




Country Last Previous
Australia 0.20 Dec/18
Brazil 3042118.00 Dec/18
Canada 4336073.00 Dec/18
Euro Area 13372817.30 Dec/18
Germany 2960850.00 Dec/18
Mexico 4638898240.00 Dec/18
Netherlands 1027109.00 Dec/18
Russia 42281884.00 Dec/18
Singapore 598743.60 Dec/18
South Africa 5.10 Dec/18
Spain 1174197.00 Dec/18
Turkey 1890474377.00 Dec/18
United States 9630.97 Jan/19


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