All data is delayed
Loading...
See More

Credit growth quickens to 8.31%

Jun 29 2012 08:19
Reuters

Johannesburg - Growth in credit demand by South Africa’s private sector accelerated more-than-expected to 8.31% year-on-year in May compared with a 7.33% rise in April, central bank data showed on Friday. 

Growth in the M3 measure of money supply rose to 6.45% on a year-on-year basis from 6.16% in April. 

Economists in a Reuters poll had expected credit extension to the private sector to quicken to 8.0% while money supply was seen easing to 6.0 %.

  
money supply  |  credit demand

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...