Johannesburg - South Africa's private sector credit demand grew 8.52% year-on-year (y/y) in December, down from 9.13% in November, Reserve Bank data showed on Friday.
The broadly defined M3 measure of money supply also grew at a slower pace of 7.38% y/y, compared with November's figure of 8.31%.
Economists surveyed by Reuters had expected year-on-year credit growth of 9.3% for December, while money supply was seen increasing by 8.5%.