South Africa's credit growth slows

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Independent Newspapers

File photo: Bathini Mbatha

Johannesburg - Growth in credit demand from South Africa's private sector slowed to 6.98 percent year-on-year in November, from 7.62 percent in October, data from the Reserve Bank showed on Tuesday.

Expansion in the broadly defined M3 measure of money supply also braked to 6.3 percent from 7.1 percent the previous month. - Reuters


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