Johannesburg - Credit extension to the private sector (PSCE) grew at a rate of 5.43% year-on-year (y/y) in February from
5.01% in January, the South African Reserve Bank (SARB) said on Wednesday.
The rate of growth of South Africa's broad M3 money supply measure rose by 7.55% y/y in February from 8.19% y/y in January.
The rate of growth in PSCE was expected to have registered 5.1% y/y, according to a survey by I-Net Bridge and M3 was expected to have increased at 8.5% y/y.
South Africa's total domestic credit extension grew at a rate of 3.53% y/y in February from 3.41% in January.
The rate of growth of South Africa's broad M3 money supply measure rose by 7.55% y/y in February from 8.19% y/y in January.
The rate of growth in PSCE was expected to have registered 5.1% y/y, according to a survey by I-Net Bridge and M3 was expected to have increased at 8.5% y/y.
South Africa's total domestic credit extension grew at a rate of 3.53% y/y in February from 3.41% in January.