Johannesburg - Growth in credit demand by South Africa’s
private sector was largely steady at 6.21% year-on-year in December compared
with 6.22% rise in November, central bank data showed on Tuesday.
Growth in the broadly defined M3 measure of money supply quickened more than expected to 8.21% year-on-year from 7.23% in November. Economists surveyed by Reuters last week forecast private sector credit growth would slow to 5.85% year-on-year in December while growth in M3 was seen at 7.6%.