Saturday, May 15, 2021

S.African credit demand growth slows to 5.82 pct in Oct

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Naija247news, Nigeria
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

JOHANNESBURG (Reuters) – Growth in private sector credit demand in South Africa slowed to 5.82 percent in October from 6.27 percent in the previous month, central bank data showed on Thursday.

Expansion in the broadly defined M3 measure of money supply dropped to 5.99 percent last month from 7 percent in September.

Reporting by Olivia Kumwenda-Mtambo, Editing by Sherry Jacob-Phillips

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