South Africa's private sector credit rose by 3.24 percent year-on-year in October 2020, following a 3.12 percent growth in the previous month. Meantime, expansion in the broadly defined M3 measure of money supply increased by 9.83 percent in October, after a 9.48 percent rise in September. source: South African Reserve Bank

Private Sector Credit in South Africa averaged 13.51 percent from 1966 until 2020, 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. South Africa Private Sector Credit - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.

Private Sector Credit in South Africa is expected to be 7.00 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 5.80 in 12 months time. In the long-term, the South Africa Private Sector Credit is projected to trend around 6.30 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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South Africa Private Sector Credit

Actual Previous Highest Lowest Dates Unit Frequency
3.24 3.12 35.88 -2.35 1966 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 06:00 AM Jul 5.12% 5.63% 5.7%
2020-09-30 06:00 AM Aug 3.87% 5.12% 4.9% 5%
2020-10-29 06:00 AM Sep 3.12% 3.87% 4% 3.7%
2020-11-30 06:00 AM Oct 3.24% 3.12% 4%
2020-12-31 06:00 AM Nov 3.24%
2021-01-29 06:00 AM Dec
2021-03-01 06:00 AM Jan
2021-03-30 06:00 AM Feb


News Stream
South Africa Private Credit Rises 3.24% YoY in October
South Africa's private sector credit rose by 3.24 percent year-on-year in October 2020, following a 3.12 percent growth in the previous month. Meantime, expansion in the broadly defined M3 measure of money supply increased by 9.83 percent in October, after a 9.48 percent rise in September.
2020-11-30
South Africa Private Credit Growth Below Estimates
South Africa's private sector credit rose by 3.12 percent year-on-year in September 2020, following a 3.87 percent growth in the previous month and less than market consensus of a 4 percent increase. This was the weakest rise in private credit since August 2010, amid the downturn caused by the COVID-19 crisis. Meantime, expansion in the broadly defined M3 measure of money supply increased by 9.48 percent in September, after a marginally revised 10.87 percent rise in August.
2020-10-29
South Africa Private Credit Rises the Least in A Decade
South Africa's private sector credit rose by 3.87 percent year-on-year in August 2020, following a 5.12 percent growth in the previous month. This was the weakest rise in private credit since August 2010, amid the downturn caused by the COVID-19 crisis. Meantime, expansion in the broadly defined M3 measure of money supply increased by 10.86 percent in August, after an upwardly revised 10.54 percent rise in July.
2020-09-30
South Africa Private Credit Growth Slows to 5-Month Low
South Africa's private sector credit rose by 5.12 percent year-on-year in July 2020, following a marginally revised 5.63 percent growth in the previous month. This was the weakest rise in private credit since January. Meantime, expansion in the broadly defined M3 measure of money supply increased by 10.46 percent in July, after a marginally revised 11.06 percent rise in June.
2020-08-31

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