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.

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South Africa Private Sector Credit



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 06:00 AM Mar 5.89% 3.62% 5.3% 4.5%
2022-05-31 06:00 AM Apr 5.99% 5.92% 6%
2022-06-30 06:00 AM May 5.99% 5.9% 5.8%


Related Last Previous Unit Reference
Consumer Spending 3057771.00 3014523.00 ZAR Million Mar 2022
Disposable Personal Income 3907902.00 3768746.00 ZAR Million Dec 2021
Private Sector Credit 5.99 5.92 percent Apr 2022
Bank Lending Rate 8.25 7.75 percent May 2022
Households Debt To Income 67.00 77.10 percent Dec 2021

South Africa Private Sector Credit
Private sector credit measures year over year change in the bank lending to domestic private sector.
Actual Previous Highest Lowest Dates Unit Frequency
5.99 5.92 35.88 -2.35 1966 - 2022 percent Monthly

News Stream
South Africa Private Credit Growth at 23-Month High
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.
2022-05-31
South Africa Private Credit Growth at 22-Month High
South Africa's private sector credit grew by 5.89 percent year-on-year in March 2022, exceeding market consensus of 5.3 percent and accelerating from a 3.62 percent gain a month earlier. This marked the ninth 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 8.43 percent in March, quickening from a 6.44 percent rise in February.
2022-04-29
South Africa Private Credit Growth at 1-1/2-Year High
South Africa's private sector credit grew by 3.62 percent year-on-year in February 2022, after a marginally revised 3.11 percent gain a month earlier and compared with market forecasts of 3.27 percent. This marked the eighth straight month of increase in private sector credit and the strongest rise since August 2020. Meantime, expansion in the broadly defined M3 measure of money supply expanded 6.44 percent in February, compared with a 5.65 percent increase in January.
2022-03-30