South Africa's private sector credit rose by 5.64 percent year-on-year in June 2020, following a downwardly revised 6.26 percent growth in the previous month. This was the weakest rise in private credit since February. Meantime, expansion in the broadly defined M3 measure of money supply increased by 11.07 percent in June, after an upwardly revised 10.60 percent rise in May.

Private Sector Credit in South Africa averaged 13.57 percent from 1966 until 2020, 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 2020. source: South African Reserve Bank

Private Sector Credit in South Africa is expected to be 7.10 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 6.50 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 6.50 percent in 2021 and 7.20 percent in 2022, according to our econometric models.

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South Africa Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
5.64 6.26 35.88 -2.35 1966 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 06:00 AM Mar 7.84% 5.17% 4.5% 5.1%
2020-05-29 06:00 AM Apr 7.37% 7.75% 7.2% 8.3%
2020-06-30 06:00 AM May 6.35% 7.18% 7.5% 7.48%
2020-07-29 06:00 AM Jun 5.64% 6.26% 6%
2020-08-31 06:00 AM Jul 5.64%
2020-09-30 06:00 AM Aug
2020-10-29 06:00 AM Sep 7.1%
2020-11-30 06:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Africa Private Credit Rises the Least in 4 Months
South Africa's private sector credit rose by 5.64 percent year-on-year in June 2020, following a downwardly revised 6.26 percent growth in the previous month. This was the weakest rise in private credit since February. Meantime, expansion in the broadly defined M3 measure of money supply increased by 11.07 percent in June, after an upwardly revised 10.60 percent rise in May.
2020-07-29
South Africa Private Credit Rises the Least in 3 Months
South Africa's private sector credit rose by 6.35 percent year-on-year in May 2020, following a downwardly revised 7.37 percent growth in the previous month and missing market expectations of 7.5 percent. This was the weakest rise in private credit since February. Meantime, expansion in the broadly defined M3 measure of money supply increased by 10.26 percent in May, after a 10.47 percent rise in April.
2020-06-30
South Africa Private Credit Rises More than Estimated
South Africa's private sector credit rose by 7.37 percent year-on-year in April 2020, following a downwardly revised 7.75 percent growth in the previous month and above market expectations of 7.2 percent. Meantime, expansion in the broadly defined M3 measure of money supply increased by 10.47 percent in April, after a 9.49 percent rise in March.
2020-05-29
South Africa Private Credit Growth at 11-Month High
South Africa's private sector credit rose by 7.84 percent year-on-year in March 2020, following an upwardly revised 5.17 percent growth in the previous month and above market expectations of 4.5 percent. This was the strongest increase in private sector credit since April last year. Meantime, expansion in the broadly defined M3 measure of money supply increased by 9.49 percent in March, after a 7.69 percent rise in February.
2020-04-30

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