Johannesburg - Growth in credit demand from South Africa's private sector slowed to 7.41% year-on-year in July from 8.91% in June, central bank data showed on Friday.
Expansion in the broadly defined M3 measure of money supply also braked to 7.36% from 9.18%.
Economists surveyed by Reuters had expected credit growth to slow to 8.7% while money supply growth was seen at 8.4%.
Expansion in the broadly defined M3 measure of money supply also braked to 7.36% from 9.18%.
Economists surveyed by Reuters had expected credit growth to slow to 8.7% while money supply growth was seen at 8.4%.