Johannesburg - South Africa's private sector credit demand grew 8.52 percent year-on-year in December, down from 9.13 percent in November, central bank data showed on Friday.
The broadly defined M3 measure of money supply also grew at a slower pace of 7.38 percent year-on-year, compared with November's figure of 8.31 percent.
Economists surveyed by Reuters had expected year-on-year credit growth of 9.3 percent for December, while money supply was seen increasing by 8.5 percent. - Reuters