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Monday, October 29, 2012

S.Africa Sept credit growth quickens to 9.07 pct y/y

S.Africa Sept credit growth quickens to 9.07 pct y/y

Oct 29, 2012 , 06:20 AM , from yahoo
s.africa sept credit growth quickens to 9.07 pct y/y 
JOHANNESBURG (Reuters) - Growth in credit demand by South Africa's private sector accelerated to 9.07 percent year-on-year in September compared with 7.93 percent rise in August, central bank data showed on Monday. Growth in the broadly defined M3 measure of money supply however slowed to 7.54 percent year-on-year in September after rising by 7.78 percent the previous month. Economists surveyed by Reuters forecast year-on-year private sector credit growth of 8.3 percent in September while M3 was seen expanding by 7.8 percent.




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