South Africa's private sector credit rose by 6.51 percent from a year earlier in January of 2019, accelerating from a 5.10 percent gain in a month earlier and beating market consensus of 5.7 percent. It was the steepest growth in private sector credit since August last year. Meantime, expansion in the broadly defined M3 measure of money supply went up 5.09 percent, after a downwardly revised 5.56 percent rise in December and less than estimates of 5.76 percent. Private Sector Credit in South Africa averaged 13.75 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.

Private Sector Credit in South Africa is expected to be 6.30 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 6.40 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 5.20 percent in 2020, according to our econometric models.

South Africa Private Sector Credit
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-29 06:00 AM Private Sector Credit YoY 5.82% 6.27% 6.41% 6.5%
2018-12-31 06:00 AM Private Sector Credit YoY 5.56% 5.82% 5.56% 5.6%
2019-01-30 06:00 AM Private Sector Credit YoY 5.1% 5.56% 5.4% 5.8%
2019-02-28 06:00 AM Private Sector Credit YoY 6.51% 5.1% 5.7% 5.4%
2019-03-29 06:00 AM Private Sector Credit YoY 6.51% 5.7% 6.6%
2019-04-30 06:00 AM Private Sector Credit YoY 6.3%
2019-05-30 06:00 AM Private Sector Credit YoY


South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence 7.00 7.00 26.00 -33.00 Index Points [+]
Retail Sales MoM 1.50 -5.10 4.60 -5.20 percent [+]
Retail Sales YoY 1.20 -1.40 15.50 -6.30 percent [+]
Consumer Spending 1950359.00 1935067.00 1950359.00 260612.00 ZAR Million [+]
Disposable Personal Income 2965713.00 2911510.00 2965713.00 3393.00 ZAR Million [+]
Personal Savings 0.20 0.40 23.80 -2.70 percent [+]
Private Sector Credit 6.51 5.10 35.88 -2.35 percent [+]
Bank Lending Rate 10.25 10.25 25.50 5.50 percent [+]
Gasoline Prices 1.02 1.03 1.44 0.43 USD/Liter [+]
Households Debt To GDP 33.00 33.00 43.90 33.00 percent of GDP [+]
Households Debt To Income 71.90 74.40 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


South Africa Private Sector Credit

Private sector credit measures year over year change in the bank lending to domestic private sector. 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. South Africa Private Sector Credit - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.51 5.10 35.88 -2.35 1966 - 2019 percent Monthly




Country Last Previous
Australia 0.20 Jan/19
Brazil 3017865.00 Jan/19
Canada 4339434.00 Jan/19
Euro Area 13430150.70 Jan/19
Germany 2969182.00 Jan/19
Mexico 4629837143.00 Jan/19
Netherlands 1027109.00 Dec/18
Russia 42281884.00 Dec/18
Singapore 601778.10 Jan/19
South Africa 6.51 Jan/19
Spain 1168809.00 Jan/19
Turkey 1875403669.00 Jan/19
United States 9668.03 Feb/19


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