Johannesburg - Growth in credit demand by South Africa’s
private sector quickened to 7.92% year-on-year (y/y) in February compared with a
7.33% rise in January, central bank data showed on Friday.
Growth in the broadly defined M3 measure of money supply
slowed to 5.89% y/y from a revised 6.7% in January.
Economists surveyed by Reuters forecast y/y private sector credit growth of 7.0% in February while M3 was seen expanding by 6.95%.