South Africa’s private sector credit advanced by 4.63% year-on-year in September 2024, easing from an over one-year high of 4.95% increase in the previous month. This marked the 39th consecutive month of growth in private credit albeit at a softer pace. Meanwhile, expansion in the broadly defined M3 measure of money supply accelerated to 7.25% from a 6.11% rise in the preceding month. source: South African Reserve Bank
Private Sector Credit in South Africa decreased to 4.63 percent in September from 4.95 percent in August of 2024. Private Sector Credit in South Africa averaged 12.90 percent from 1966 until 2024, reaching an all time high of 35.88 percent in July of 1981 and a record low of -2.35 percent in May of 1966. This page provides the latest reported value for - South Africa Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Private Sector Credit - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.
Private Sector Credit in South Africa decreased to 4.63 percent in September from 4.95 percent in August of 2024. Private Sector Credit in South Africa is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Private Sector Credit is projected to trend around 5.00 percent in 2025 and 6.00 percent in 2026, according to our econometric models.