South Africa’s private credit up 3.62% y/y in February

JOHANNESBURG (Reuters) – Private sector credit in South Africa rose by 3.62% year on year in February after rising by 3.11% in January, central bank data showed on Wednesday.

The broadly defined M3 measure of money supply increased by 6.44% in February after expanding by 5.65% in the previous month.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Andrew Heavens)

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