South Africa's private sector credit rose by 6.6 percent year-on-year in November 2019, after a five-month high of 7.28 percent growth in the previous month and missing market expectations of 7.38 percent. Meantime, expansion in the broadly defined M3 measure of money supply increased 7.35 percent, after a 7.28 percent rise in October and beating consensus of 7.2 percent

Private Sector Credit in South Africa averaged 13.65 percent from 1966 until 2019, 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. source: South African Reserve Bank

Private Sector Credit in South Africa is expected to be 6.80 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 5.60 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 5.40 percent in 2020, according to our econometric models.


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South Africa Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
6.60 7.28 35.88 -2.35 1966 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 06:00 AM Aug 6.86% 7.19% 7.15% 7.2%
2019-10-29 06:00 AM Sep 6.19% 6.86% 6.95% 7.0%
2019-11-29 06:00 AM Oct 7.28% 6.19% 6.7% 6.0%
2019-12-31 06:00 AM Nov 6.6% 7.28% 7.38% 7.4%
2020-01-30 06:00 AM Dec 6.6% 6.4% 6.2%


News Stream
2019-11-29
South Africa Private Sector Credit Rises the Most in 5 Months
South Africa's private sector credit rose by 7.28 percent year-on-year in October 2019, the most since May, after a 6.19 percent growth in the previous month and beating market expectations of 6.7 percent. Meantime, expansion in the broadly defined M3 measure of money supply also increased 7.28 percent, after a 6.14 percent rise in September and above consensus of 6.9 percent

2019-10-29
South African Private Credit Growth at 6-Month Low
South Africa's private sector credit rose by 6.19 percent year-on-year in September 2019, the least since March, after a 6.96 percent growth in the previous month and missing market expectations of 6.95 percent. Meantime, expansion in the broadly defined M3 measure of money supply increased 6.11 percent in September, after a 7.45 percent rise in August and below consensus of 7.4 percent.

2019-09-30
South African Private Credit Growth at 5-Month Low
South Africa's private sector credit rose by 6.86 percent year-on-year in August 2019, the least since March, after a 7.19 percent growth in the previous month and missing market expectations of 7.15 percent. Meantime, expansion in the broadly defined M3 measure of money supply increased 7.45 percent in August, after a 8.28 percent rise in July and also below consensus of 9 percent.

2019-08-30
South African Private Credit Growth Accelerates in July
South Africa's private sector credit rose by 7.19 percent from a year earlier in July 2019, following a downwardly revised 6.88 percent advance in the previous month and compared to market expectations of 7.15 percent. Meantime, expansion in the broadly defined M3 measure of money supply increased 8.28 percent in July, after a 8.99 percent rise in June and below consensus of 9 percent.

2019-07-29
South Africa Private Credit Growth Slows
South Africa's private sector credit rose by 6.91 percent from a year earlier in June 2019, easing from a 7.66 percent advance in the previous month and missing market expectations of 8 percent. Meantime, expansion in the broadly defined M3 measure of money supply increased 8.99 percent in June, after a 9.07 percent rise in May and beating consensus of 8.6 percent.

2019-06-28
South African Private Credit Growth Slows in May
South Africa's private sector credit rose by 7.66 percent from a year earlier in May of 2019, slowing from a 7.95 percent gain in a month earlier and below market expectations of 8 percent. Meantime, expansion in the broadly defined M3 measure of money supply expanded 9.07 percent in May, faster than a 8.77 percent rise in April and beating estimates of 8.6 percent.


South Africa Private Sector Credit
Private sector credit measures year over year change in the bank lending to domestic private sector.

South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence -7.00 -7.00 26.00 -33.00 points [+]
Retail Sales MoM 3.10 0.10 3.90 -4.80 percent [+]
Retail Sales YoY 2.60 0.40 15.50 -6.30 percent [+]
Consumer Spending 1961051.00 1960080.00 1961051.00 260612.00 ZAR Million [+]
Disposable Personal Income 3068290.00 3037235.00 3068290.00 3520.00 ZAR Million [+]
Personal Savings -0.10 -0.20 23.80 -2.50 percent [+]
Private Sector Credit 6.60 7.28 35.88 -2.35 percent [+]
Bank Lending Rate 9.75 9.75 25.50 5.50 percent [+]
Gasoline Prices 1.15 1.09 1.44 0.43 USD/Liter [+]
Households Debt To GDP 34.00 33.80 43.90 33.10 percent of GDP [+]
Households Debt To Income 71.90 71.90 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]