South Africa's private sector credit grew by 7.53 percent year-on-year in June 2022, topping market expectations of 5.86 percent and following a 5.34 percent growth a month earlier. This marked the twelfth straight month of increase in private sector credit and the strongest pace since March 2020. Meantime, expansion in the broadly defined M3 measure of money supply expanded 8.33 percent in June, accelerating from a marginally revised 7.24 percent rise in May. source: South African Reserve Bank

Private Sector Credit in South Africa averaged 13.18 percent from 1966 until 2022, 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 August of 2022.

Private Sector Credit in South Africa is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Private Sector Credit is projected to trend around 3.50 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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South Africa Private Sector Credit



Calendar GMT Actual Previous Consensus TEForecast
2022-06-30 06:00 AM May 5.34% 5.87% 5.7% 5.8%
2022-07-29 06:00 AM Jun 7.53% 5.34% 5.86% 5.1%
2022-08-30 06:00 AM Jul 7.53%


Related Last Previous Unit Reference
Consumer Spending 3057771.00 3014523.00 ZAR Million Mar 2022
Disposable Personal Income 4085559.00 3907902.00 ZAR Million Mar 2022
Private Sector Credit 7.53 5.34 percent Jun 2022
Bank Lending Rate 9.00 8.25 percent Jul 2022
Households Debt To Income 67.00 77.10 percent Dec 2021

South Africa Private Sector Credit
Private sector credit measures year over year change in the bank lending to domestic private sector.
Actual Previous Highest Lowest Dates Unit Frequency
7.53 5.34 35.88 -2.35 1966 - 2022 percent Monthly

News Stream
South Africa Private Credit Rises the Most in 27 Months
South Africa's private sector credit grew by 7.53 percent year-on-year in June 2022, topping market expectations of 5.86 percent and following a 5.34 percent growth a month earlier. This marked the twelfth straight month of increase in private sector credit and the strongest pace since March 2020. Meantime, expansion in the broadly defined M3 measure of money supply expanded 8.33 percent in June, accelerating from a marginally revised 7.24 percent rise in May.
2022-07-29
South African Private Credit Growth Below Estimates
South Africa's private sector credit grew by 5.34 percent year-on-year in May 2022, less than market expectations of 5.7 percent and following a downwardly revised 5.87 percent growth a month earlier. This marked the eleventh straight month of increase in private sector credit but the softest pace since February. Meantime, expansion in the broadly defined M3 measure of money supply expanded 7.29 percent in May, slowing from a marginally revised 7.49 percent rise in April.
2022-06-30
South Africa Private Credit Growth at 23-Month High
South Africa's private sector credit grew by 5.99 percent year-on-year in April 2022, following an upwardly revised 5.92 percent gain a month earlier. This marked the tenth straight month of increase in private sector credit and the strongest pace since May 2020. Meantime, expansion in the broadly defined M3 measure of money supply expanded 7.50 percent in April, slowing from a 8.43 percent rise in March.
2022-05-31