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Johannesburg - Growth in credit demand by the private sector slowed to 9.05% year-on-year (y/y) in May, from 9.13% in April, central bank data showed on Friday.
Expansion in the broadly defined M3 measure of money supply also braked, coming in at 9.75% y/y from 9.98% in April.
Economists surveyed by Reuters had expected credit growth to slow to 9.1% and money supply to 9.5%.
Expansion in the broadly defined M3 measure of money supply also braked, coming in at 9.75% y/y from 9.98% in April.
Economists surveyed by Reuters had expected credit growth to slow to 9.1% and money supply to 9.5%.
