Johannesburg - Growth in credit demand from South Africa's private sector slowed to 8.78 percent year-on-year in August from 9.77 percent in July, central bank data showed on Tuesday.
The broadly defined M3 measure of money supply expanded by 6.41 percent, slightly down from July's 6.86 percent.
Economists surveyed by Reuters had expected year-on-year credit growth of 9.1 percent while money supply was seen increasing by 7 percent. - Reuters