South Africa’s private credit rises 2.58% y/y in December

JOHANNESBURG (Reuters) – Private sector credit in South Africa grew 2.58% year on year in December after rising by 2.46% in November, central bank data showed on Monday.

The broadly defined M3 measure of money supply rose by 5.71% in December after expanding by 6.36% in the previous month.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Emma Rumney)

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