JOHANNESBURG May 30 (Reuters) – Growth in credit demand by
South Africa’s private sector braked more than expected to 7.33
percent year-on-year in April compared with a 9.16 percent rise
in March, central bank data showed on Wednesday.
Growth in the M3 measure of money supply, also slowed to
6.16 percent on a year-on-year basis from 6.65 percent in March.
Economists in a Reuters poll had expected credit extension
to the private sector to ease only slightly to 9.07 percent
while money supply was seen quickening to 7.49 percent.
(Reporting by Stella Mapenzauswa, editing by Olivia Kumwenda)
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