Loading...

June credit growth slows

Aug 31 2016 10:16

Johannesburg - Growth in credit demand by the private sector slowed to 6.78% year-on-year (y/y) in July from a revised 7.23% in June, Reserve Bank data showed on Wednesday.

Expansion in the broadly defined M3 measure of money supply also braked to 4.41% y/y in July, from a revised 5.7% in June.

Read Fin24's top stories trending on Twitter:

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

credit growth  |  economy

 
 
 
 

Company Snapshot

We're talking about: #BUDGET2018

The finance minister faces a tough task as he has to find ways for South Africa to plug a R50.8bn hole in the country's finances.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Should the finance minister boost the wealth tax for high-net-worth South Africans?

Previous results · Suggest a vote

Loading...