Johannesburg - Growth in demand for credit by South Africa’s
private sector accelerated faster-than-expected to 9.16% year-on-year in March
compared with a 7.92% rise in February, central bank data showed on Monday.
In the M3 measure of money supply, growth quickened to 6.65%
year-on-year from 5.89% in February.
A Reuters poll last week showed economists expected money supply growth to quicken to 6.4% and private sector credit extension to 8.7%.