South Africa’s private sector credit up 5.89% y/y in March

(Reuters) – Private sector credit in South Africa rose by 5.89% year on year in March after rising by 3.62% in February, central bank data showed on Friday.

The broadly defined M3 measure of money supply increased by 8.43% in March after expanding by 6.44% in the previous month.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Alexander Winning)

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