South Africa's private sector credit grew by 2.46 percent year-on-year in November 2021, faster than a 1.29 percent gain a month earlier and beating market expectations of 1.7 percent. This marked the fifth straight month of increase in private sector credit and the strongest rise since February. Meantime, expansion in the broadly defined M3 measure of money supply expanded 6.36 percent in November, quickening from a 3.19 percent gain in October and exceeding consensus of 4.2 percent. source: South African Reserve Bank

Private Sector Credit in South Africa averaged 13.27 percent from 1966 until 2021, 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 January of 2022.

Private Sector Credit in South Africa is expected to be 2.00 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 1.60 percent in 2022 and 1.40 percent in 2023, according to our econometric models.

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South Africa Private Sector Credit


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
2.46 1.29 35.88 -2.35 1966 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-11-30 06:00 AM Oct 1.29% 1.6% 1.7% 1.8%
2021-12-31 06:00 AM Nov 2.46% 1.29% 1.5% 1.4%
2022-01-31 06:00 AM Dec 2.46% 2.6%


Related Last Previous Unit Reference
Consumer Spending 2899175.00 2969282.00 ZAR Million Sep/21
Disposable Personal Income 3768746.00 3763155.00 ZAR Million Sep/21
Private Sector Credit 2.46 1.29 percent Nov/21
Bank Lending Rate 7.25 7.25 percent Dec/21
Households Debt To Income 77.10 72.80 percent Dec/20


News Stream
South Africa Private Credit Growth Tops Estimates
South Africa's private sector credit grew by 2.46 percent year-on-year in November 2021, faster than a 1.29 percent gain a month earlier and beating market expectations of 1.7 percent. This marked the fifth straight month of increase in private sector credit and the strongest rise since February. Meantime, expansion in the broadly defined M3 measure of money supply expanded 6.36 percent in November, quickening from a 3.19 percent gain in October and exceeding consensus of 4.2 percent.
2021-12-31
South African Private Credit Growth Eases in October
South Africa's private sector credit grew by 1.29 percent year-on-year in October 2021, slowing from a 1.60 percent gain a month earlier, and below market expectations of a 1.7 percent rise. This marked the fourth straight month of increase in private sector credit. Meantime, expansion in the broadly defined M3 measure of money supply increased by 3.19 percent in October, easing from a 4.01 percent gain in September.
2021-11-30
South African Private Credit Rises the Most in 3 Months
South Africa's private sector credit grew by 1.60 percent year-on-year in September 2021, compared with market expectations of a 2.1 percent rise and following an upwardly revised 1.21 percent gain a month earlier. This marked the third straight month of increase in private sector credit and the steepest pace in the sequence. Meantime, expansion in the broadly defined M3 measure of money supply increased by 4.01 percent in September, accelerating from a 2.31 percent growth in August.
2021-10-29