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.