South Africa Private Credit Growth at 3-Month Low

2024-11-29 06:03 By Czyrill Jean 1 min. read

South Africa’s private sector credit increased by 4.26% year-on-year in October 2024, further easing from a 4.63% growth in the previous month.

This marked the 40th consecutive month of growth in private credit albeit the softest pace since July.

Meanwhile, expansion in the broadly defined M3 measure of money supply accelerated to 7.79% from a 7.25% rise in the previous month.



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