JOHANNESBURG, June 29 (Reuters) – Growth in credit demand by
South Africa’s private sector accelerated more-than-expected to
8.31 percent year-on-year in May compared with a 7.33 percent
rise in April, central bank data showed on Friday.
Growth in the M3 measure of money supply rose to 6.45 percent
on a year-on-year basis from 6.16 percent in April.
Economists in a Reuters poll had expected credit extension to
the private sector to quicken to 8.0 percent while money supply
was seen easing to 6.0 percent.
(Reporting by Xola Potelwa; editing by David Dolan)
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