S.Africa Nov credit growth quickens to 6.22 pct y/y MyZA

JOHANNESBURG Dec 30 (Reuters) – Growth in credit
demand by South Africa’s private sector hit 6.22 percent
year-on-year in November from a 5.52 percent rise in October,
central bank data showed on Friday.

However in the broadly defined M3 measure of money supply,
growth slowed slightly to 7.23 percent year-on-year compared
with 7.26 percent in October.
Economists surveyed by Reuters last week forecast private
sector credit expansion of 6.0 percent year-on-year in November
while growth in M3 was seen at 7.4 percent.

(Reporting by Xola Potelwa, editing by Ed Stoddard)