Growth in demand for credit by South Africa’s private sector slowed to 1,49% year-on-year in September, from 2,34% in August, central bank data showed on Thursday.
During the same period, growth in the broadly defined M3 measure of money supply braked to 4%, compared with 5,49% previously.
A Reuters poll forecast that private sector credit growth would come in at 2,25% in September, while the annual growth in M3 was seen at 4,95%. — Reuters