South Africa’s private sector credit up 5.99% y/y in April

(Reuters) – Private sector credit in South Africa rose by 5.99% year on year in April after rising by 5.92% in March, central bank data showed on Tuesday.

The broadly defined M3 measure of money supply increased by 7.50% in April after expanding by 8.43% in the previous month.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Olivia Kumwenda-Mtambo)

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