November 29, 2016 / 6:47 AM / 4 years ago

South Africa's October credit growth slows to 6.31 pct y/y

A woman works at a clothing factory at the industrial town of Newcastle, 260 km (162 miles) southeast of Johannesburg May 8, 2013. . REUTERS/Jon Herskovitz/File Photo

JOHANNESBURG (Reuters) - Growth in credit demand by South Africa’s private sector slowed to 6.31 percent year-on-year in October from 7.19 percent in September, central bank data showed on Tuesday.

Expansion in the broadly defined M3 measure of money supply was quicker at 6.62 percent year-on-year compared with 5.64 percent previously.

Reporting by Mfuneko Toyana; Editing by Gopakumar Warrier

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below