JOHANNESBURG (Reuters) – Growth in credit demand from South Africa’s private sector quickened to 9.13 percent year-on-year in November from 9.06 percent in October, central bank data showed on Wednesday.
The broadly defined M3 measure of money supply also expanded at a faster rate of 8.31 percent year-on-year compared with October’s revised figure of 8.01 percent.
Economists surveyed by Reuters had expected year-on-year credit growth of 9.03 percent for November, while money supply was seen increasing by 8 percent.
