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South Africa credit growth slows to 5.64% year-on-year in June

Credit: REUTERS/SIPHIWE SIBEKO

July 29, 2020 — 02:00 am EDT

Written by Olivia Kumwenda-Mtambo for Reuters ->

JOHANNESBURG, July 29 (Reuters) - Growth in private sector credit in South Africa in June slowed to 5.64% year-on-year from a revised 6.26% in May, central bank data showed on Wednesday.

Expansion in the broadly defined M3 measure of money supply quickened, to 11.07% in June from a revised 10.60% in May.

(Reporting by Olivia Kumwenda-Mtambo Editing by Gareth Jones)

((Olivia.Kumwenda@thomsonreuters.com; +27 10 346 1084;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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