Johannesburg - Growth in credit demand from the private sector slowed to 8.78% year-on-year in August from 9.77% in July, central bank data showed on Tuesday.
The broadly defined M3 measure of money supply expanded by 6.41%, slightly down from July's 6.86%.
Economists surveyed by Reuters had expected year-on-year credit growth of 9.1% while money supply was seen increasing by 7%.
The broadly defined M3 measure of money supply expanded by 6.41%, slightly down from July's 6.86%.
Economists surveyed by Reuters had expected year-on-year credit growth of 9.1% while money supply was seen increasing by 7%.