South Africa's private sector credit grew by 5.99 percent year-on-year in April 2022, following an upwardly revised 5.92 percent gain a month earlier. This marked the tenth straight month of increase in private sector credit and the strongest pace since May 2020. Meantime, expansion in the broadly defined M3 measure of money supply expanded 7.50 percent in April, slowing from a 8.43 percent rise in March. source: South African Reserve Bank
Private Sector Credit in South Africa averaged 13.20 percent from 1966 until 2022, 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 June of 2022.
Private Sector Credit in South Africa is expected to be 6.50 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 3.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.