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20 June 2013
   
 
 
Article by: Reuters
 
 
 

Growth in credit demand by South Africa's private sector accelerated to 9.07% year-on-year in September compared with 7.93% rise in August, central bank data showed on Monday.

Growth in the broadly defined M3 measure of money supply however slowed to 7.54% year-on-year in September after rising by 7.78% the previous month.

Economists surveyed by Reuters forecast year-on-year private sector credit growth of 8.3% in September while M3 was seen expanding by 7.8%.

Edited by: Reuters
 
 
 
 
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