Johannesburg - Growth in credit demand from South Africa's private sector slowed to 8.27% year-on-year in April from a revised 8.73% in March, data from the SA Reserve Bank (Sarb) showed on Friday.
Expansion in the broadly defined M3 measure of money supply also braked to 6.98% in April from 7.86% the previous month.
The rand was softer against the dollar on Friday, shedding a couple of cents after the Sarb data showed a slowdown in private sector credit extension, suggesting there might not be scope for more interest rate hikes this year.
Expansion in the broadly defined M3 measure of money supply also braked to 6.98% in April from 7.86% the previous month.
The rand was softer against the dollar on Friday, shedding a couple of cents after the Sarb data showed a slowdown in private sector credit extension, suggesting there might not be scope for more interest rate hikes this year.