South Africa's private sector credit rose by 6.14 percent year-on-year in December 2019, after a 6.6 percent growth in the previous month and missing market expectations of 6.4 percent. This marked the weakest rise in private sector credit since a 6.04 percent advance in March. Meantime, expansion in the broadly defined M3 measure of money supply increased 6.19 percent, after a 7.35 percent rise in Novermber and also less than consensus of 7.2 percent. South Africa Private Sector Credit - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Private Sector Credit in South Africa averaged 13.63 percent from 1966 until 2019, 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. source: South African Reserve Bank
Private Sector Credit in South Africa is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Sector Credit in South Africa to stand at 5.70 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 5.40 percent in 2021, according to our econometric models.