Thursday, June 28, 2007

S.Africa May credit slows to 24.84 pct yr/yr

(Reuters) - Growth in demand for credit by South Africa's private sector slowed to 24.84 percent year-on-year in May from 25.08 percent in April, central bank data showed on Friday.

During the same period, the broadly defined M3 measure of money supply grew by 22.67 percent, in line with forecasts, compared to 22.27 percent in April.


Read more at Reuters Africa

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