South Africa credit growth slows to 3.87% year-on-year in August

09/30/2020 | 03:14am

Growth in private sector credit in South Africa in August slowed to 3.87% year-on-year from 5.12% in July, central bank data showed on Wednesday.

Expansion in the broadly defined M3 measure of money supply rose, to 10.86% in August from a revised 10.54% in July.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Tanisha Heiberg)

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