South Africa's private sector credit rose by 3.87 percent year-on-year in August 2020, following a 5.12 percent growth in the previous month. This was the weakest rise in private credit since August 2010, amid the downturn caused by the COVID-19 crisis. Meantime, expansion in the broadly defined M3 measure of money supply increased by 10.86 percent in August, after an upwardly revised 10.54 percent rise in July.
Private Sector Credit in South Africa averaged 13.54 percent from 1966 until 2020, 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. South Africa Private Sector Credit - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: South African Reserve Bank
Private Sector Credit in South Africa is expected to be 6.00 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 6.50 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 6.30 percent in 2021 and 6.50 percent in 2022, according to our econometric models.