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Credit growth slows to 8.78%

Sep 30 2014 09:14
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%.

 

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credit growth  |  sa economy

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