South Africa's private sector credit unexpectedly dropped by 1.52 percent year-on-year in March 2021, the first time decline in private sector credit since April 2010, reversing from a 2.62 percent rise in the previous month and missing market expectations of a 0.9 percent growth. Meantime, expansion in the broadly defined M3 measure of money supply rose by 3.62 percent in March, easing from a 7.48 percent gain in February. source: South African Reserve Bank

Private Sector Credit in South Africa averaged 13.42 percent from 1966 until 2021, 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 May of 2021.

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 6.30 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 6.50 percent in 2022, according to our econometric models.

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South Africa Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
-1.52 2.62 35.88 -2.35 1966 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 06:00 AM Dec 3.55% 3.38% 3.55% 3.5%
2021-02-26 06:00 AM Jan 3.26% 3.55% 3.8% 3.6%
2021-03-30 06:00 AM Feb 2.62% 3.26% 3.3% 3.4%
2021-04-30 06:00 AM Mar -1.52% 2.62% 0.9% 1.3%
2021-05-31 06:00 AM Apr -1.52%
2021-06-30 06:00 AM May
2021-07-29 06:00 AM Jun
2021-08-31 06:00 AM Jul


News Stream
South Africa Private Sector Credit Unexpectedly Falls
South Africa's private sector credit unexpectedly dropped by 1.52 percent year-on-year in March 2021, the first time decline in private sector credit since April 2010, reversing from a 2.62 percent rise in the previous month and missing market expectations of a 0.9 percent growth. Meantime, expansion in the broadly defined M3 measure of money supply rose by 3.62 percent in March, easing from a 7.48 percent gain in February.
2021-04-30
South African Private Credit Growth Weakest Since 2010
South Africa's private sector credit increased by 2.62 percent year-on-year in February 2021, the least since July 2010, following a 3.26 percent rise in the previous month and below market expectations of 3.3 percent. Meantime, expansion in the broadly defined M3 measure of money supply rose by 7.48 percent in February, slowing from a 9.15 percent growth in January and compared with market consensus of a 9 percent rise.
2021-03-30
South African Private Credit Growth Slows to 3-Month Low
South Africa's private sector credit rose by 3.26 percent year-on-year in January 2021, the least in three months, following a 3.55 percent growth in the previous month and missing market expectations of 3.8 percent. Meantime, expansion in the broadly defined M3 measure of money supply increased by 9.15 percent in January, following a 9.48 percent rise in December.
2021-02-26
South Africa Private Credit Rise the Most in 4 Months
South Africa's private sector credit rose by 3.55 percent year-on-year in December 2020, following a 3.38 percent growth in the previous month and matching market expectations. This was the fastest growth in private sector credit since August. Meantime, expansion in the broadly defined M3 measure of money supply increased by 9.48 percent in December, accelerating from a marginally revised 8.15 percent rise in November.
2021-01-29

South Africa Private Sector Credit
Private sector credit measures year over year change in the bank lending to domestic private sector.